It can be said that banks generally invest in the sectors of the future. After all, they are well placed to see the developments of the market and thus find the secrets that will make them increase their capital. That secret today (which is no longer), is to acquire different cryptocurrencies. A look at the situation internationally and in France.
An investment that goes through different virtual currencies
Too often, the mention of crypto-currency equates, in people’s minds, to Bitcoin. However, there are a large number of other virtual currencies in the world, which are growing rapidly and have the potential to be used by major investors (including banks). Indeed, according to a study, these institutions seem to invest, in good numbers, in the various cryptocurrencies on the market. In fact, more than half of the world’s major banks have invested in this sector, according to a study published by Blockdata (55 out of the top 100).
Cryptocurrency offers a variety of different values. The smart ones, have discovered the latest (XEM), the currency of the New Economy Movement, and are enjoying it. Here is how you can buy NEM . One can also look at the second one, in terms of value (Ether), to understand that the sector has much more to offer than just Bitcoin. Indeed, this other currency is used in Ethereum. This blockchain allows creators of applications to use their technology to develop. A market based on a reality, which attracts more and more investors.
Banks : direct investors
The bank that has invested the most in blockchain and virtual currencies is Barclays. Indeed, it is involved in the development of more than 19 companies in the sector, as an investor, including SendFriend, RealBlocks and Fnality International. The Citi Group, based in New York, ranks second. Finally, you don’t have to go too far down the ranking to find the first French bank. It is in fifth place. It is BNP Paribas which has invested, among other things, several million in the Swiss company HQLAx .
Private investors are following the trend
There is no doubt that private investors have already followed the lead of the big banks. This is how crypto-currencies were created and how they were able to grow, after all, since their original purpose was to destabilize banks and world trade. It is obvious that all this has changed, and that today the financial world is trying to institutionalize, as much as possible, these new currencies. But at the beginning, they were obviously very badly seen by bankers. A time gone by, it seems…