Big American Bank Goldman Sach Will Offer Crypto Money To Their Customers

Goldman Sachs implementing crypto money (Noken News)

JAKARTA - One of the giant banks in the United States (US), Goldman Sach, is reported to be providing customers with investment offers for bitcoin and other cryptocurrencies. Some time ago, another bank, Morgan Stanley was also reported to be doing the same thing.

Goldman Sach Bank will provide crypto-asset investment offers in the second quarter of 2021. This information was announced by the Head of Digital Assets Goldman Sach, Mary Rich.

"We are working with teams across the company to find ways to offer wise and appropriate access to the ecosystem for Wealth Management clients, and we look forward to being offered in the near future", said Mary Rich as quoted by CNBC International, Monday, April 5.

The US bank is ready to offer bitcoin and other cryptocurrencies, "whether through physical bitcoin, derivatives, or traditional means of investment", Rich added.

Taking this step led major US banks to join in on the same vision as Morgan Stanley. The two big banks opened themselves up to crypto assets which are known as assets of the future.

The decision of the two banks attracted billionaires and crypto-money enthusiasts to invest there. Going forward, it is not known whether other banks in the US will do the same or not.

In March, Morgan Stanley bank informed its financial advisers that the company is ready to help its customers who want to invest in bitcoin this April.

The clients who are included in the bank's Wealth Management service are targeting individuals who have a minimum fund of USD 25 million.

"There is a group of clients who see this asset as a hedge against inflation, and macro conditions over the past year have certainly played a role in that", said Mary Rich.

"There are also a large number of clients who feel like we are at the start of the new internet in some way and are looking for ways to participate in this space", added Rich again.

Goldman Sach Bank is seeking approval from regulators including the Securities and Trade Commission and the New York Department of Financial Services.

"We are still in a very new stage of this ecosystem, no one knows exactly how it will develop or what it will look like. But I think it's safe enough to expect it to be part of our future", concluded Rich.