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, tech companies usually begin investing in related startups to acquire or use the technology later. According to Bloomberg’s sources, Google has been acquiring and investing in startups with expertise in digital ledger technology.

“It is very hard keeping up with the tens of millions they have for their marketing budgets and also the technology upgrades they are able to afford,” Eskander said. “So I predict in five years’ time there will be three or four major players in Australia at best.”

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