Posted on 12/21/2017 4:15:57 PM PST by x1stcav
Goldman Sachs is planning to get into the business of trading digital currencies such as bitcoin, Bloomberg News reported Thursday, citing sources familiar with the matter.
"In response to client interest in digital currencies, we are exploring how best to serve them," a Goldman spokesperson said in a statement to CNBC about the report.
The new trading desk would "make markets" in the cryptocurrencies and is set to get up and running by the end of June, if not earlier, two of the sources said in the report.
The bank is still trying to work out security issues on how it would hold the assets, which are notoriously volatile and prone to hacks, another source told Bloomberg.
(Excerpt) Read more at cnbc.com ...
Its already happening. IBM is jumping in with both feet.
In the next year you will see how this will change how contracts and transactions are executed.
remember a time when everyone laughed at bitcoin?
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