Overview of Digital Assets and Blockchain
Comment of the Day

December 09 2021

Commentary by Eoin Treacy

Overview of Digital Assets and Blockchain

Thanks to a subscriber for this report from Goldman Sachs which may be of interest. Here is a section quoting Visa’s CEO: 

“And I would say that this [crypto] is a space that we are leaning into in a very, very big way and I think are extremely well positioned…So converting a digital currency to a fiat on a Visa credential, which then makes those funds available for shopping at any 1 of the 70 million Visa merchants and gives immediate utility to the digital currency. And we're the clear leader here. We've got over 35 digital currency platforms and wallets that have chosen to work with us. Coinbase, Crypto.com, BlockFi, Fold, Bitpanda are just some examples”

Eoin Treacy's view

The major investment banks were initially among the most sceptical of the crypto bull market but with so many clients asking for service, they have little choice than to give the market what it wants. This chart-laden report does a good job of laying out the existing arguments for the evolution of the digital assets market.

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