Fidelity May Add Ethereum Support In 2020

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However, the whole problem is that Ethereum is not as reliable as Bitcoin, and institutional investors may not be ready to invest in such an asset.

Given sufficient user demand, Fidelity Digital Assets custodian is ready to support Ethereum as early as 2020. This was stated in an interview with The Block by the head of the company Tom Jessop.

He stressed that Fidelity has already “done a great job in developing services based on Ethereum”, and in the future, of course, is going to offer solutions for storing this cryptocurrency.

To date, only Bitcoin is supported – this limitation prevents FDAS from truly competing with cryptocurrency companies such as Coinbase and BitGo.

However, the whole problem is that Ethereum is not as reliable as Bitcoin, and institutional investors may not be ready to invest in such an asset.

“How can I be sure that if I buy this coin today, will it still exist and function tomorrow?” Jessop summed up.

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