Goldman Sachs CEO David Solomon has been open about his belief in the blockchain technology that supports cryptocurrencies by saying that “I am a big believer that blockchain will allow us to truly improve the financial infrastructure.”
Goldman Sachs CEO interested in blockchain technology
Goldman Sachs CEO Solomon told CNBC’s Squawk Box reporter Andrew Ross Sorkin that he is very interested in any technology that would make payments and the flow of cash more rapid, whether it is blockchain or another which is yet to be invented.
He also stated that he is unbothered by the fluctuations in the price of the cryptocurrencies because regulatory approvals do not allow the bank to make as many actions in this area.
“I’m still a big believer in the digital revolution of financial infrastructure,” Goldman Sachs CEO David Solomon adds. When it comes to cryptocurrency, the regulatory framework limits our options.”
Big banks are divided between complying with rules and addressing client demand for cryptocurrency products.
Goldman Sachs, the American financial behemoth, has essentially found a happy medium. It has begun to support protocols providing infrastructure services in the Web3.0 environment. CertiK, a smart contract security startup, just received $88 million in investment, valuing the company at $2 billion.
Bitcoin and Gold can co-exist, Goldman Sachs
The bank is a major player in today’s blockchain market, and its analysts are well-known for always looking into crucial exchanges that define the whole landscape. Despite being a traditional bank, Goldman Sachs thinks Bitcoin and Gold can coexist, a significant variation from conventional financial stakeholders who have decided not to embrace blockchain technology’s brilliance.
Read More:
![Pinterest](https://pinterest.com/pin/create/button/?url=https://cryptoshrypto.com/goldman-sachs-ceo-believes-blockchain-might-upgrade-financial-infrastructure/&media=https://cryptoshrypto.com/wp-content/uploads/2022/05/9-3-1.jpg&description=Goldman Sachs CEO "I am a big believer that blockchain will allow us to truly improve the financial infrastructure.” ){kind=link}