The firm has been testing internally with bitcoin but is now appealing some of those features out to its apparent customer base.
According to statements in Quartz and The Financial Times, Fidelity’s chief manager, Abigail Johnson, spoke at length about the company’s delegation to cryptocurrency at Consensus, a Bitcoin-themed conference in New York.
Johnson said that the business had made several enterprise investments in bitcoin-related jobs and that the company was seeming at applications of blockchain technologies adjacent several leading universities.
According to Quartz, Fidelity has also set up a small mining section inside the asset manager one that’s directing money for the company.
One of Fidelity’s plans is mining bitcoin and ethereum, which Johnson said was caused for educational purposes, but now becomes a tidy profit. “We set up a small bitcoin and ethereum mining operation…that miraculously now is really making a lot of money,” she said.
The FT announced that the company had acquired its mining hardware from the now-pivoted 21 Inc. whose chief executive looked onstage at TechCrunch’s Disrupt conference in San Francisco last week.
Johnson, herself is a huge enthusiast of the digital currency and has worked roughly 200,000 satoshis, according to the FT report.
Beyond the firm’s internal work, it’s also now executing cryptocurrency balances visible on the Fidelity website for consumers that hold an account with Coinbase one of the world’s heaviest trading and storage service providers for the cryptocurrency market.
Bitcoin is now trading at around $4,200 coming off of a few current price shocks related to a regulative crackdown in China on cryptocurrencies.
Fidelity grows one of the largest financial services firm to speak openly about its cryptocurrency operations, even as most of the large banks have begun testing with bitcoin, ethereum, and other blockchain-based protocols internally.
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