1596932460
Goldman Sachs Wants Crypto: Plans To Launch Stable Coin
One of the biggest investment banking firms in the world, Goldman Sachs, has expressed interest in launching its cryptocurrency in the form of a stable coin pegged to the US dollar. Compared to mainstream cryptocurrencies such as Bitcoin and Ethereum, stable coins have the benefit of maintaining its stability of value, and at the same uses blockchain to increased efficiency, transparency and trust.
Goldman Sachs has followed JP Morgan’s lead in developing its own stable coin for cross border transactions on a distributed network. JP Morgan last year introduced JPM Coin, a crypto stable coin token which can be utilised make instantaneous transfers between global parties on the Quorum blockchain, a private fork of Ethereum.
To develop the currency, the firm has hired Mathew McDermott as the worldwide head of digital assets who has extensive experience in the financial industry. In a recent interview with CNBC, McDermott expressed his company’s deep interest in the technology told that digital assets would serve as the backbone of the financial industry in the coming years.
He stated, “In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on the chain.”
According to McDermott, blockchain will be the critical infrastructure for financial markets ecosystem and help in securitisation, debt issuances, tokenisation of all assets class on blockchain-enabled networks. McDermott further said, “We are exploring the commercial viability of creating our own fiat digital token, but it’s early days.”
The head of digital assets at Goldman Sachs further said that legacy digital banking processes today are very cost-inefficient. Using blockchain and leveraging digitisation of assets, the legacy processes can be updated and standardised.
The most innovative blockchain networks today have built-in tokenisation features so currencies can be digitised for finance and trade. Investment banks have therefore expressed deep interest because of efficiency and real-time settlement and transaction verification in such open networks.
#news #blockchain #crypto #cryptocurrency #goldman sachs
What is GEEK
Buddha Community
1596932460
Goldman Sachs Wants Crypto: Plans To Launch Stable Coin
One of the biggest investment banking firms in the world, Goldman Sachs, has expressed interest in launching its cryptocurrency in the form of a stable coin pegged to the US dollar. Compared to mainstream cryptocurrencies such as Bitcoin and Ethereum, stable coins have the benefit of maintaining its stability of value, and at the same uses blockchain to increased efficiency, transparency and trust.
Goldman Sachs has followed JP Morgan’s lead in developing its own stable coin for cross border transactions on a distributed network. JP Morgan last year introduced JPM Coin, a crypto stable coin token which can be utilised make instantaneous transfers between global parties on the Quorum blockchain, a private fork of Ethereum.
To develop the currency, the firm has hired Mathew McDermott as the worldwide head of digital assets who has extensive experience in the financial industry. In a recent interview with CNBC, McDermott expressed his company’s deep interest in the technology told that digital assets would serve as the backbone of the financial industry in the coming years.
He stated, “In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on the chain.”
According to McDermott, blockchain will be the critical infrastructure for financial markets ecosystem and help in securitisation, debt issuances, tokenisation of all assets class on blockchain-enabled networks. McDermott further said, “We are exploring the commercial viability of creating our own fiat digital token, but it’s early days.”
The head of digital assets at Goldman Sachs further said that legacy digital banking processes today are very cost-inefficient. Using blockchain and leveraging digitisation of assets, the legacy processes can be updated and standardised.
The most innovative blockchain networks today have built-in tokenisation features so currencies can be digitised for finance and trade. Investment banks have therefore expressed deep interest because of efficiency and real-time settlement and transaction verification in such open networks.
#news #blockchain #crypto #cryptocurrency #goldman sachs
1596802089
Goldman Sachs Wants Crypto: Plans To Launch Stable Coin
One of the biggest investment banking firms in the world, Goldman Sachs, has expressed interest in launching its cryptocurrency in the form of a stable coin pegged to the US dollar. Compared to mainstream cryptocurrencies such as Bitcoin and Ethereum, stable coins have the benefit of maintaining its stability of value, and at the same uses blockchain to increased efficiency, transparency and trust.
Read more: https://analyticsindiamag.com/goldman-sachs-wants-crypto-plans-to-lauch-stable-coin/
#crypto #bitcoin #cryptocurrency
1624665600
SHIBA INU (SHIB) SHIB TOKEN WILL HIT $1.00 AND BECOME THE FIRST CRYPTO STABLE COIN
SHIB TOKEN WILL HIT $1.00 AND BECOME THE FIRST DECENTRALISED CRYPTO STABLE COIN
Daily News and Price Predictions Based on Market News, Market Caps and FUNDAMENTAL ANALYSIS. Main Focus On SHIBA INU (SHIB), ETHEREUM (ETH), POLYGON (MATIC), COSMOS (ATOM), VECHAIN (VET), CRYPTO.COM (CRO) and carefully selected Crypto Projects and Investment Opportunities.
📺 The video in this post was made by SHIBANALYST
The origin of the article: https://www.youtube.com/watch?v=-gV37vV_bms
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!
#bitcoin #blockchain #shiba inu #shib token #crypto #shiba inu (shib) shib token will hit $1.00 and become the first decentralised crypto stable coin
1624568400
🔴 Crypto Crash Intensifies | This Week in Crypto – May 24, 2021. JUST IN 3 MINUTES
Want to meet with Nate in person? Attend Bitcoin 2021 in Miami.
0:38 Black Wednesday in Crypto
1:00 Crypto Crash Leads to Issues on Exchanges
1:16 Insider Predicted Bitcoin Crash?
1:35 China Announces Limitations on BTC Mining
1:49 U.S. Treasury Limiting Crypto Privacy
2:12 Societe Generale Prefers Gold over Bitcoin
2:27 Millennials Prefers Doge over Bitcoin
2:46 Wells Fargo to Offer Crypto Investment
3:04 Cathie Wood Still Thinks BTC Could Reach $500K
📺 The video in this post was made by 99Bitcoins
The origin of the article: https://www.youtube.com/watch?v=n2Vv25nszVo
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!
#bitcoin #blockchain #crypto #crypto crash #this week in crypto #crypto crash intensifies
1624564800
🔴 Goldman Sachs: Ethereum Will Overtake Bitcoin | This Week in Crypto – May 31, 2021
0:21 Goldman Sachs Says Ethereum Could Overtake Bitcoin
0:42 Apple is Headhunting a Crypto Expert
1:02 GameStop Building NFT Platform
1:22 PayPal Will Let Users to Withdraw Their Crypto
1:41 Ray Dalio Admits to Investing in BTC
1:59 Ripple to Go Public Once SEC Lawsuit is Resolved
2:18 Elon Musk and Michael Saylor Create the Bitcoin Mining Council
2:37 DubaiCoin Experiences Massive Gains
📺 The video in this post was made by 99Bitcoins
The origin of the article: https://www.youtube.com/watch?v=XZx_P_lg2Go
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!
#bitcoin #blockchain #ethereum #goldman sachs #ethereum will overtake bitcoin #this week in crypto