One industry trend worth discussing over lunch: banks want in on the on-chain business too.
CoinDesk reported on Oct. 17 that Goldman Sachs is focused on trading, Wells Fargo says cross-border payments using tokenized deposits are already underway but volumes remain small, and Morgan Stanley sees opportunities in financial advice.
Put simply: some are building the roads, some are running the toll booths, and others are serving customers. The coin we buy may not be the one collecting the fees.
I’m more interested in three questions: Who’s actually using it? Who’s actually paying? And what do the earnings have to do with token holders? If those questions don’t have clear answers, don’t get carried away just because “banks are getting involved.” This is a lunchtime news item, not a trending-news ranking. #CryptoWatch
CoinDesk reported on Oct. 17 that Goldman Sachs is focused on trading, Wells Fargo says cross-border payments using tokenized deposits are already underway but volumes remain small, and Morgan Stanley sees opportunities in financial advice.
Put simply: some are building the roads, some are running the toll booths, and others are serving customers. The coin we buy may not be the one collecting the fees.
I’m more interested in three questions: Who’s actually using it? Who’s actually paying? And what do the earnings have to do with token holders? If those questions don’t have clear answers, don’t get carried away just because “banks are getting involved.” This is a lunchtime news item, not a trending-news ranking. #CryptoWatch