6 years ago
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In 2018, Wall Street Companies to Flood Trillions Into Blockchain Tech
Numerous major firms on Wall Street are looking to exponentially increase their experimentations with blockchain technologies in 2018, meaning trillions of dollars in institutional funds could be moving through the crypto space in the months ahead. The most notable of these firms is New York City’s Depository Trust and Clearing Corporation (DTCC), a company that dominates the credit-default swap industry in America and that facilitates over $11 trillion in transactions on an annual basis.
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A five-day-old blog spins crazy, innumerate, future tense hype about how the sun will only ever rise from now on. What's not to believe? Where do I shove my credit card into this thing? Baby needs a new pair of shoes.
This should be interesting to watch, though I am skeptical of the pace. Regulators are going to be eating their hats as to how to cope with this...as is The Treasury department.
EDIT: spelling
Maybe Treasury should pull themselves up by their bootstraps and mint their own.
Ah...that's easy. Place the number one (1) first in sequence, and then add as many zeros behind it as you want. Bingo, we're cooking with gas now!