I just ran into this article https://letstalkpayments.com/goldman-sachs-introduces-its-own-cryptocurrency-setlcoin-and-files-patent-for-securities-settlement/ and am curious what the Steemit community thinks. I am not a cryptocurrency guy, so am not going to expose my ignorance with much personal comment. However, Goldman Sachs is a huge player in the global economy, and when Goldman Sachs creates a currency, EF Hutton listens.
Let me know if you think this is the start of a trend of banks or financial institutions creating new currencies, or if financial institutions are going to eschew established cryptocurrencies for this one, or what ever you think about cryptocurrencies, Goldman Sachs, and the global financial system.
Steem is exploding, with a price over $2, and a market cap approaching $1B. Last I saw, Steem was the 11th largest cryptocurrency in terms of market capitalization.
Is SETLcoin a threat to Steem, will it boost Steem, or not have an impact at all?
I sure don't know, but am interested in finding out what those who have greater understanding of cryptocurrency think.
Thanks!
