Wellington Management Co. going crypto is massive news for the cryptocurrency market. A huge boost that is continuing a transition that could have been started Goldman Sachs buying Circle. The firm has come to terms with the existence of cryptocurrency after realising the trend at which
the market is moving among the public. The portfolios they have positioned to take advantage of mining and blockchain implementations will result into a very secure system. One that will protect the company from fraud since currency will all be digital from creation through payment. This new system will also have lower transaction fees other than credit and debit which have high transaction fees amidst the many hidden fees.
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