Goldman Sachs CEO eyes crypto entry, expansion of Marcus

June 28, 2019

Goldman Sachs CEO David Solomon told Les Echos, a French newspaper, that the investment bank is pursuing its own plan in cryptocurrency and pursuing plans to expand digital bank Marcus into new markets. 

Soloman told Les Echos that the bank is looking at the potential for "tokenization" and frictionless payments, following plans by rival JPMorgan Chase and social media giant Facebook to launch Libra. 

Solomon also said that the bank is more and more looking at personal services, beyond just an investment bank, and said the bank has great ambitions beyond its existing Marcus presence in the U.S. and U.K., but would not elaborate. 

Topics: Bitcoin, Mobile Banking, Mobile Payments, Region: EMEA

Companies: Goldman Sachs

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