Goldman Sachs can issue its own digital currency as JPMorgan

The head of the Goldman Sachs investment bank, David Solomon, told the French edition of Les Echos this Friday that he did not rule out the possibility of launching his company's own digital currency.

"Of course!" - He said in response to a question about whether Goldman Sachs could follow the path of JPMorgan, which had previously introduced JPM Coin's digital currency for payments between corporate clients.

According to Solomon, Goldman Sachs conducts "extensive research" in the field of asset tokenization.

"Let's assume that all major financial institutions in the world are looking at the potential for tokenization, stablecoins and unburdened with undue difficulty," he said.

In addition to JPMorgan, which announced its stablecoin in February, it recently became known about the Facebook cryptocurrency initiative. Solomon refused to report whether his company was negotiating with Facebook, noting that digital currencies pegged to real currency rates were "the direction in which the payment industry would develop.

At the same time, he thinks that large technology companies are more likely to look for cooperation with banks than try to compete directly with them. As an example, he referred to the joint project of Goldman Sachs and Apple in the field of bank cards.

"Do you think that the technology giants, who already have enough problems, want to get into the same regulatory constraints that JPMorgan or Goldman Sachs are working in? - he said. - Of course, these companies have a lot of clients and they'll want to monetize them. However, it seems to me that they will try to enter into cooperation with banks, but will not become banks themselves.

What do you think is it good that more and more companies joining crypto? or they only planning to take our share of bitcoin?
source of goldman sachs photo