Goldman Sachs Files Blockchain Patent for Foreign Exchange Trading – CCN: Financial Bitcoin & Cryptocurrency News

Since the introduction of bitcoin, banks have slowly been turning their attention to its underlying technology, the blockchain, as a way of processing transactions that are faster and more cost efficient.

Ripple, a blockchain startup, is one company that has partnered up with banks such as Santander and UBS. According to the Goldman Sachs patent, though, there are drawbacks associated with these systems.