Goldman Sachs to Create a Bitcoin-like Crypto Asset, Can it Compete With Libra?9.8

Goldman Sachs Group is interested in exploring the possibilities of launching a crypto asset like bitcoin, according to the bank’s chief executive officer David Solomon.

The prominent investment banker told France’s Les Echos newspaper that Goldman is conducting thorough research on tokenization, the method of digitizing currencies or assets to enable their smooth transfer over a permissioned ledger same as bitcoin. Solomon said he found the process “interesting,” adding that the global payment and remittance market would eventually integrate it.

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