Goldman Sachs makes the first big Bitcoin investment.

Goldman invests $ 50 million in Circle Internet Financial , specializing in Bitcoin transactions. Such Wall Street investments lend some degree of confidence to Bitcoin around the world.

Thus, efforts to introduce Bitcoin to the masses receive support from Wall Street. This was announced on Wednesday evening, in connection with which Goldman's strategic investments in the Bitcoin industry translate the latest from the category of toys for turned geeks into a serious financial instrument.

Circle, founded in 2013 by Jeremy Allaire, was among a small number of technology startups trying to spread Bitcoin everywhere. The company offers a wallet for storage, exchange services and retail purchases. Circle has previously received the support of some eminent US venture capitalists, one of whom is Jim Breyer.
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Trying to increase its attractiveness, the company is not going to limit itself to working with Bitcoin. There are plans to work with traditional currency, which will put the company on a par with various firms specializing in money transfers and payment services, such as Venmo (part of PayPal).

In turn, Goldman is not dissipated into explaining his actions, however, as always . Tom Jessop, Managing Director of Goldman, who concluded this deal, states that “Circle management will provide convincing evidence of the promise of a digital payment space.” The development of digital payments will eventually destroy traditional Western Union transfer schemes. Apparently, Goldman does have a kind of technological lobby, since the bank had previously invested in the online broker Motif and working with the data Markit .

With its investments Goldman holds a leading position in the capital of Circle, along with the Chinese venture capital group IDG Capital Partners.