#CryptoCorner:
Goldman Sachs (NYSE: $GS) CEO Talks Interest in #Crypto, Binance Speaking to Facebook (Nasdaq: $FB) About
Libra Listing
Point Roberts WA, Delta BC, June 28, 2019
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Stocks discussed: (NYSE:GS) (NYSE:JPM) (NasdaqGS:FB)
In an interview with
French finance publication Les Echos, Goldman Sachs (NYSE:GS) CEO David Solomon said Goldman was
interested in tokenized payments and believed that stablecoins could constitute
a viable future payment system.
“We
do extensive research on the concept of "tokenization", the potential
of which we believe, and which designates the creation through the blockchain
of a stable digital currency based on a basket of real currencies that can move
money across borders and without friction. This is the direction in which the
payment system will go.”
Solomon was also asked if
Goldman would follow JPMorgan Chase’s (NYSE:JPM) lead with the creation of its own
digital currency.
“Absolutely!
Many people are looking in this direction. But it is too early to say which
platform will prevail. Sheryl Sandberg [Facebook operations manager, nldr]
herself said we were still very, very far from the launch. Assume that all
major financial institutions around the world are looking at the potential of
"tokenization", "stable wedge" and frictionless payments.”
Finance Magnates reports that crypto
exchange giant Binance is in talks with Facebook (NasdaqGS:FB) regarding the potential listing
of the latter’s cryptocurrency Libra. Binance strategy officer Gin Chao spoke
to Finance Magnates at the FinTech Junction Conference in Tel Aviv on Thursday,
where he explained that it would be beneficial to Facebook to seek listing on
exchanges like Binance.
“We have had official dialogue with
Facebook. With regarding to listings specifically, right now they are going to
be on a so-called ‘private chain.’ So that means they won’t be looking for
external liquidity.
However, from what we understand the
potential to be, that would lead them to wanting a secondary market. Currencies
benefit from a secondary market, so it would be in their best interest to want
to be listed.”
This was echoed by
ShapeShift CEO Erik Vorhees, who expressed a similar interest in listing Libra.
According to CoinDesk, Vorhees said:
“It’s
too early because it doesn’t exist yet but I would love to integrate Libra into
ShapeShift when it does exist.”
Crypto exchange
Gemini announced via blog
post
yesterday that the company will be opening an office in Chicago. An excerpt
from the blog reads:
Since
May, we’ve seen bitcoin increase in value and this week it surpassed its
17-month high. Trading volumes across the industry and mainstream interest in
cryptocurrency are on the rise. The time has never been more right to
double-down on our mission to build safe and reliable institutional-grade
infrastructure.
Sam
Mowers, Investorideas
Read other editions of the Crypto Corner
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