Goldman Sachs might launch its own ‘cryptocurrency’ – just like JP Morgan

American banking giant Goldman Sachs might be following in the footsteps of its competitor JP Morgan. The bank is considering launching its own cryptocurrency. In an interview with French financial newspaper Les Echos today, Goldman Sachs CEO David Solomon said that they are doing extensive research on the concept of “tokenization.” Solomon expressed his belief in the potential of blockchain-based digital currency in enabling frictionless cross-border payments. Similar to JP Morgan, Goldman Sachs believes such a currency will need to be backed by actual fiat currencies. According to Solomon, cryptocurrency regulations are likely to see a change in near future. I think regulators around…

This story continues at The Next Web

from LatestTechyTalks