Fidelity (FNF) is mining bitcoins, according to chief executive Abigail Johnson

Fidelity (FNF) is mining bitcoins, according to chief executive Abigail Johnson

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Obsession
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Written by
Obsession

The head of one of the world&rsquo,s largest asset management firms came out today (May 23) spil a hefty fan of bitcoin. Abigail Johnson, chief executive of Fidelity, which manages $1.9 trillion te mutual fund assets, told an audience at the 2018 Overeenstemming conference&mdash,a blockchain technology summit&mdash,te Fresh York that she wasgoed there because she &ldquo,loves this stuff.&rdquo,

&ldquo,I&rsquo,m a believer,&rdquo, she said. &ldquo,I&rsquo,m one of the few standing before you today from a large financial services company that has not given up on digital currencies.&rdquo,

Johnson announced that hier customers would be able to see cryptocurrency balances on Fidelity&rsquo,s webstek, if they held an account with Coinbase, one of the largest providers of storage and trading services ter the cryptocurrency business. This feature wasgoed already available to Fidelity employees, she said, and customers would build up access to it te the 2nd or third quarter of this year, according to Reuters.

Johnson also exposed a number of other Fidelity projects underway to figure out how to corset the potential of bitcoin and other digital currencies, which she said could &ldquo,fundamentally switch market structures and perhaps even the architecture of the internet itself.&rdquo,

One of Fidelity&rsquo,s projects is mining bitcoin and ethereum, which Johnson said wasgoed embarked for educational purposes, but now turns a clean profit. &ldquo,Wij set up a puny bitcoin and ethereum mining operation…that miraculously now is actually making a lotsbestemming of money,&rdquo, she said.

Fidelity employees who are cryptocurrency enthusiasts are called &ldquo,bitcoin vikings&rdquo, within the company, Johnson said. &ldquo,They are named for their adventurous spirit,&rdquo, she said. Fidelity employees can pay for their lunch or coffee ter bitcoin (paywall) at the corporate canteen te Boston. The hard&rsquo,s charity arm also began taking bitcoin donations ter 2015, Fidelity says it received $7 million worth of bitcoin donations last year.

But Johnson&rsquo,s message wasn&rsquo,t simply rah-rah. She implored the cryptocurrency world to work together&mdash,perhaps a reference to the internecine &ldquo,civil war&rdquo, ter the bitcoin community overheen how best to increase the number of transactions the bitcoin system can treat&mdash,if it everzwijn dreamed to unlock the utter potential of digital currencies. &ldquo,Talk to people on the opposite side of your position,&rdquo, she said. &ldquo,And please, come talk to us. Wij need to hear your voice.&rdquo,

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