BlockchainTrade.Market™ - Goldman Sachs to Setup Wall Street Bitcoin Trading Operation
The newest buzz now comes from investment banking giant Goldman Sachs (NYSE:GS), which is apparently considering its own bitcoin trading operation. According to anonymous sources at The Wall Street Journal, Goldman Sachs' currency trading and strategic investment divisions are in the early stages of considering whether or not to engage in bitcoin trading. Goldman's entrance into the bitcoin space isn't a guarantee given that a majority of its clients are corporations and financial institutions themselves, who are far less likely to be intrigued about bitcoin than retail investors. Nevertheless, CEO Lloyd Blankfein is clearly leaving the door open for his company to have a future with bitcoin.
"Blockchain could be a revolution in the way everyone - businesses, governments, organizations and individuals - work together," concluded a sleek Goldman Sachsblockchain technology primer . "It provides a simple, secure way to establish trust for virtually any kind of transaction, helping simplify the movement of money, products or sensitive information worldwide. It's a transformation that's already begun. And organizations -both the ones that it can help, and the middlemen at risk of disintermediation - will need to be prepared as the technology matures."
