Goldman Sachs May Issue Its Own Digital Currency At …

Goldman Sachs May Launch Its Own Digital Currency Following The Example Of JPMorgan

Goldman Sachs Investment Bank CEO David Solomon This Friday reported French edition Les Echos that he does not exclude possibility launching his own digital currency by his company.

“Sure!” – stated he is in answer on question about Tom, can whether Goldman Sachs follow the path of JPMorgan, which earlier introduced digital currency JPM Coin for settlements between corporate clients.

According to Solomon, Goldman Sachs conducts “extensive research” on tokenization assets.

“Let’s pretend that everything large financial institutions in the world are looking at the potential of tokenization, stablecoins and unencumbered settlements, ”- stated is he.

Goldman Sachs May Issue Its Own Digital Currency At ...

Apart from JPMorgan, which announced your stablecoin in February, recently became known about cryptocurrency the Facebook initiative. Report whether leads him company negotiations with Facebook, Solomon refused, noting at this, that digital currencies pegged to real currencies – this thendirection, where the development of the payment industry will take place “.

At that the same time, he thinks big tech companies would rather, will be look for cooperation with banks, than try to compete directly with them. IN quality example he referred to a joint project between Goldman Sachs and Apple in areas bank cards.

“Do you think that tech giants, who are already in trouble right now, want to get into the same regulatory restrictions that JPMorgan or Goldman Sachs operate under? – he declared. – Of course, these companies have many clients and they want to monetize their. To me, but, it seems that they are will try enter into cooperation with banks, but will not become banks themselves “.