While the number of cryptocurrencies has exploded in the last few years, so too has skepticism about many of them.
Companies like Microsoft, Google ,and Facebook have all decided to ban ads for these digital currencies — and a big reason for that is concerns about possible scams, bad actors, and a general lack of adult supervision in the field.
Wouldn’t it be good if we could have a financial name we could trust in the cryptocurrency mix?
If that’s the way you think, you may well be pleased to hear that Circle, a payment startup owned by none other than multinational investment banking leviathan Goldman Sachs, has just announced the launch of its very own bitcoin rival.
Called Circle USD Coin, it’s the first cryptocurrency to be created and released by one of the world’s leading financial giants.
Yes, that is kind of the antithesis of the countercultural mentality that spawned the likes of Bitcoin.