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JPMorgan, UBS and Now Wells Fargo Builds Own Digital Cash


U.S.-headquartered banking giant with USD 1.9 trillion in assets, Wells Fargo, plans to pilot its internal settlement service, Wells Fargo Digital Cash, in 2020. The service will run on Wells Fargo’s first distributed ledger technology (DLT) platform and "will not be connected to any other digital...

Big Banks Enabled Jeffrey Epstein’s Sex Trafficking Crimes


Unlike the unfounded narrative that cryptocurrency enables crime, big banks are more than happy to serve unsavory clients if it is lucrative enough for them. The latest example of this is a report that Jeffrey Epstein was apparently using his bank accounts to fund sex trafficking and possibly other...

Goldman Sachs Believes in Tokenization, May Follow JPMorgan - CEO


David Solomon, CEO of Goldman Sachs. Major investment bank Goldman Sachs is exploring the concept of tokenization and may play a role in it, CEO David Solomon told French publication LesEchos. Discussing fiat backed stablecoins, the CEO said that the bank believes in the potential of tokenization...

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