Blackrock to explore Blockchain and Cryptocurrency sphere – No surprise here

Colleagues, the Cryptocurrency Academy predicted last month that we would see several large commercial banks and asset management firms will actively participate in the global Blockchain and Cryptocurrency arenas during the next 24-36 months. Since then have seen Goldman Sachs and JP Morgan – not to mention MasterCard - state their intentions to do just that. Without question adoption of Blockchain-based distributed ledger technology increase transaction speed while reducing OPEX is a de facto no-brainer for financial institutions. This will take time and R&D investment and more than a few such entities have filed Blockchain patent applications. We have also seen the steady rise in third party cryptocurrency Custodial Services. For many the next step is the establishment of crypto trading and investing services. Blackrock CEO Larry Fink is on record as saying that none of Blackrock’s institutional clients have “sought crypto exposure”. That is, for now. We expect that to change in the near future. Share a comment visit us today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)