Goldman Sachs Files Patent for FX Trading on a Blockchain

Moderator: moderators

kreslik.news
rank: 5000+ posts
rank: 5000+ posts
Posts: 5183
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

Goldman Sachs Files Patent for FX Trading on a Blockchain

Postby kreslik.news » Mon Sep 12, 2016 1:44 pm


Goldman Sachs (NYSE:GS), the investment banking behemoth, wants to use blockchain technology to replace the traditional foreign exchange (FX) market, according to a Patent Application released by the US Patent and Trademark Office. Last year it was revealed in a similar manner that the bank was working on a Cryptographic Currency For Securities Settlement or a so called “SETLcoin”.

Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!

In its application, Goldman lists problem both with the current way FX trading is being handled and what it perceives as problems with cryptocurrencies. It says that financial transactions on the FX market can ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”