Wells Fargo to launch stablecoin cryptocurrency in 2020

Wells Fargo to launch stablecoin cryptocurrency in 2020

Wells Fargo has said its new remittance platform would form an international payment network based on what it describes as ’distributed ledger technology’ (DLT). Payments will work using a dedicated platform and asset called Wells Fargo Digital Cash. Pegged to the USD, the concept will undergo a pilot for internal transfers next year.

KCooper
KCooper
Adam
Adam 6 months

Finally! We've all been waiting for a stable company to come in and... oh, wait, Wells Fargo? I imagine they'll inflate the crypto metrics by having all their employees maintain multiple wallets and sign up "customers" without their consent.

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