Barclays is testing the possibilities of applying cryptocurrency in its business

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To investigate the possibility of introducing crypto-currency and blockchain-account into its current business, the Bank has assembled a team of professionals

One of the largest financial conglomerates in the UK and the world with a wide representation in Europe, the US, and Asia Barclays is exploring the possibilities of cryptocurrency. To investigate the possibility of introducing crypto-currency and blockchain-account in its current business, the Bank assembled a team of professionals led by former head of energy trading Chris Tayrr. In addition, the team includes such well-known personalities in the crypto community as Lee Brain, a blockchain expert, and Marvin Barth, an expert on emerging markets.

Earlier, the head of the British investment bank, giant Jesse Stali, did not confirm the information that appeared in the media about Barclays’ intention to create a subdivision for trading in crypto-currencies. Moreover, Stali expressed a rather skeptical attitude to the entire crypto industry in general because of the unresolved issue in the regulation of the industry.

Despite the negative attitude to the cryptocurrency from the head of the Bank, representatives of the newly created team are confident that in the near future digital currencies can become a full-fledged class of financial assets in the territory of many countries.

Lee Brain, one of the main participants of the new project, said:

“Companies in the blockchain space have incredible capabilities. In the context of investment banking, blockchain solutions, such as distributed registries and smart contracts, should be targeted at non-functional requirements of an enterprise-class architecture. “

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