Goldman Sachs could launch its own stablecoin
The financial entity is studying the possibility of following in the footsteps of JPMorgan and could create a digital currency whose value is linked to the US dollar
One of the most recognized banks in the world, Goldman Sachs, is evaluating the possibility of launching its own cryptocurrency. The bank’s CEO, David Solomon, explained that he is conducting extensive research into tokenization.
Without a doubt, the institution shows interest in the transformation of elements such as money or shareholding in intelligent contracts and digital assets operable in a blockchain network.
Solomon said, “Suppose all the major financial institutions around the world are considering the potential of tokenization, stable currencies and instant payments.
With the announcement, Goldman Sachs is on the same path as its partner in the JP Morgan ecosystem; a bank that has spent more than a year working on research and design of its own cryptoactive that would have a value associated with that of the dollar.
The new crypto currency designed by JPMorgan will be known as JPM Coin and will be available later this year for customers to make international payments instantly and at low cost.
Solomon said that stablecoins backed with real money will set the direction of payment systems from now on.
L.Saenz
Source: Diario Bitcoin
