Welcome, and thank you for being part of the MyZucoins community! Let’s get into an interesting piece of crypto, finance, or tech news to stay ahead.
Ex-Goldman Sachs Executive Says $1 Quadrillion Crypto Use-Case Could ‘Dwarf Everything’
A former executive at Goldman Sachs (the second largest investment bank in the world by revenue as of Sep 2023), Raoul Pal, thinks cryptocurrency could change how we deal with money in a big, big way.
He believes about $1 quadrillion could eventually move into the crypto world.
That’s one with 15 zeros after it! (1,000,000,000,000,000), (In scientific notation, this number is 1 x 10^15.).
Pal thinks BlackRock, a very successful company, did something important by trying to start a Bitcoin fund.
But it’s not just about the Bitcoin fund but the message it sends to everyone in finance: Cryptocurrency matters.
Big companies like BlackRock, Apollo, Goldman, and JPMorgan are all getting more interested in crypto.
They want to invest in it, they want their clients to invest in it, and they’re ready to build the tools to do it.
And it’s not just about Bitcoin. It could change everything.
There’s $1 quadrillion in offshoot industries like derivatives that could all use blockchain technology. Stock markets could use it.
Pal thinks if you want to see the biggest way cryptocurrency can change the world, all you have to do is look at money and finance. Read more here.
BlackRock Bitcoin ETF: Big players moving In?
The financial world has taken a significant stride towards the mainstream acceptance of Bitcoin.
Zucoins And The New Dawn of Money and Finance
When a company like BlackRock jumps into an industry, it makes a big splash.
Zucoins and its Splitchain network could take advantage of this ripple effect.
By drawing attention to their unique benefits, like two-way transactions and less environmental impact, they can attract the interest of these bigger players.
The future of finance is a lot more than just money.
It involves all kinds of complex transactions, like derivatives and equities.
This is where the Splitchain network could really make a difference.
It’s designed to handle small transactions without big fees and doesn’t need every node to store the same data.
This makes the Splitchain protocol a great fit for third-party integration into organizations that day-in and day-out deal with the complicated world of financial transactions.
The beauty of cryptocurrency is that it’s not just for the big guys—it’s for everyone.
Zucoins has learned from the mistakes of others and made its system more approachable.
Transactions are two-way, which gives people back more control, and they expire if not completed in time. This offers the safety and peace of mind that makes everyday transactions easier to trust.
The technology behind the Splitchain network is what sets it apart from the rest.
It’s a reliable truth-based network, so even if most nodes lie, finding just one honest node is all the network needs to maintain a trustworthy result.
This kind of safety and trust could be a major selling point for those who are looking to integrate a transaction system into their business and have faced a poor experience with other cryptocurrencies.
Looking ahead, Zucoins and the Splitchain network can learn a lot from other players in the market.
It’s about taking the best from the past and looking to the future.
With the possibility of $1 quadrillion moving into crypto according to this ex-bank executive, they are aiming to leave their mark on the industry.
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All the best,
Peter & Rob
MyZucoins
Disclaimer: Of course, this is not advice, financial or otherwise. It’s also important to consider the risks and challenges associated with any potential benefits.