Tatiana Kashyrskaia
Goldman Sachs, a major American investment bank, is now considering a new option – working with Bitcoin and other cryptocurrencies. The Wall Street Journal reported about yesterday.
If Goldman Sachs starts working with digital currencies, this is going to be the first Wall Street player to enter the international market of cryptocurrencies. However, the WSJ source reports that the bank’s interest in cryptocurrencies is still at the initial stage, which is why it’s too premature to speak about the specifics. They are still researching the market for the sake of satisfying their clients’ interest in digital currencies.
Previously, Goldman Sachs experts were reported to be experimenting with the blockchain technology, which is the core of each and every cryptocurrency out there. Masterforex-V Academy experts assume that if such a major bank comes into play, this is definitely going to improve the image of digital currency in the investment world.
Not so long ago, Bloomberg published a news release about Monaco, another cryptocurrency, which is still unknown to the international community. The founders of this cryptocurrency announced their plans to peg the digital currency to VISA cards. To be more specific, they are planning to cooperate with VISA and create a new card called Wirecard. VISA confirmed the process of considering this kind of cooperation with Monaco Technology.
Since May, there have been no updates on the matter. Some experts say these were empty promises from Monaco Technology while others say that this was a smart marketing move. Anyway, Since May 17th, Monaco has seen its exchange rate go up by as much as 695%.
Tatiana Kashyrskaia
