In a move that could help mainstream Bitcoin and Ethereum, Microsoft and Goldman Sachs have announced a partnership to promote the use of cryptocurrencies.
The partnership will see Microsoft provide Goldman Sachs with access to its Azure cloud computing platform, which will be used to develop and deploy blockchain-based applications.
Goldman Sachs will also be able to use Microsoft’s artificial intelligence and machine learning capabilities to improve the security and efficiency of its cryptocurrency trading operations.
The partnership is a major coup for the cryptocurrency industry, as it shows that two of the world’s largest financial institutions are taking cryptocurrencies seriously.
It is also a sign that the cryptocurrency industry is maturing, as it is now attracting the attention of traditional financial institutions.
The partnership is likely to have a positive impact on the price of Bitcoin and Ethereum. As more and more institutional investors get involved in the cryptocurrency market, the demand for Bitcoin and Ethereum is likely to increase. This could lead to higher prices for both cryptocurrencies.
The partnership is also likely to boost the adoption of Bitcoin and Ethereum. As more and more businesses start to accept cryptocurrencies, the demand for Bitcoin and Ethereum is likely to increase. This could lead to more people using Bitcoin and Ethereum as a means of payment.
The partnership between Microsoft and Goldman Sachs is a major step forward for the cryptocurrency industry. It shows that the industry is maturing and that it is now being taken seriously by traditional financial institutions.
This is likely to have a positive impact on the price of Bitcoin and Ethereum, as well as the adoption of these cryptocurrencies.