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Goldman Sachs creates virtual currency for settlements

 The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange


Goldman Sachs creates virtual currency The US investment bank has made a patent application for a cryptocurrency settlement system in a move that underlines hopes that the architecture behind bitcoin can revolutionise global payments. The application for a virtual currency, dubbed “SETLcoin” by the bank, said it would offer “nearly instantaneous execution and settlement” of trades involving assets including stocks and bonds. (FT)




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