Fidelity Digital Assets (FDAS) chief Tom Jessop, formerly of Goldman Sachs and Standard & Poor's, said in an interview with CoinDesk that the introduction of Ethereum (ETH) at FDAS would be delayed beyond 2019 due to upcoming hard forks / blockchain upgrades could delay.
Jessop noted that his organization has created a cryptocurrency appreciation process, probably similar to the Coinbase framework designed to support potential cryptographic projects. Currently, Fidelity Digital Assets has integrated only Bitcoin (BTC). As Coin Hero reported yesterday, FDAS announced on Thursday that its Bitcoin safekeeping service went live with "a select group of eligible customers." Jessop now said that ethers and other common cryptocurrencies may eventually find support:
We currently support Bitcoin, we have designs to support other coins over the rest of the year according to a variety of criteria, including our (internal) selection process, where, of course, we pay attention to customer demand and other things.
These "other things" used to test other cryptocurrencies, such as ethers, include decentralization status, the level of customer demand, and the peculiarity of the blockchain, which would affect the way FDAS technically integrates the facility ,
While Jessop pointed out that clients of his cryptographic firm were interested in services related to Ethereum, he noted that Fidelity may have to "see" with the upcoming hard forks, such as "Istanbul" in October or subsequent upgrades to Serenity How these things work ". If Jessop is serious, that could mean that ETH would not be recorded at Fidelity until the end of 2019.
For the year 2019, Jessop aims for FDAS to capture 90% of the institutional crypto market in the US. He claims that this scaling will be done after the regulatory "green lights", along with the elimination of bugs in the platform. Should the regulators give the green light, Fidelity would have a "substantial demand" in terms of cryptocurrency, from kryptonah companies to hedge funds, Jessop said.
If the plans of Fidelity Digital Assets are actually implemented in 2019, this could finally be an extremely strong bullish sign for the crypto market.
Featured Image: grejak | Shutterstock
The post Fidelity Digital Assets boss: Ethereum Integration may move due to hard forks appeared first on Coin Hero.