Peter Cruddas: One of Britain's Richest Billionaires
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 5 September 2022
⏱️ 84 minutes
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Summary
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| 0:00.0 | It's part of my job to mentor people, and to help people. |
| 0:05.0 | Can't help everybody, but within my circle, if I see people, |
| 0:09.0 | try to help my kids, try to help people in this work, because I love my life. |
| 0:16.0 | Peter are banks and money as we know it, dying out. |
| 0:21.0 | Well, first of all, great to meet you, Rob. |
| 0:24.0 | Thank you for doing this interview with me. |
| 0:27.0 | I haven't done many podcasts in my time. |
| 0:30.0 | I didn't realise that people even wanted to do a podcast, so thank you for that. |
| 0:36.0 | Well, I've got an interesting story to tell. |
| 0:39.0 | So I think to answer your question, I think the reason you asked a question is |
| 0:44.0 | the world is changing quite dramatically now. |
| 0:48.0 | And the way money is moved around the world is done differently. |
| 0:54.0 | We don't have checkbooks anymore, money's moved electronically. |
| 0:58.0 | When they bring in blockchain, and I'm not an expert on this, |
| 1:02.0 | but when blockchain comes in through different stock exchanges, banking and so on, |
| 1:08.0 | you are going to be able to buy and sell things real time. |
| 1:12.0 | And money will leave your account real time and go to the other person real time. |
| 1:17.0 | So more or less you can do that now with online internet banking. |
| 1:22.0 | But in the future, if you were to buy shares, you want to buy shares in Facebook or Tesla, |
| 1:30.0 | now you click and it takes two or three days to clear. |
| 1:33.0 | But in the future with blockchain, you will get instant settlement. |
| 1:37.0 | So the money will come out of your account and the shares will go straight into your share account |
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