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Fidelity adds Bitcoin to website and cafeteria as the digital currency hits new record


Article from Vito Petan on LinkedIn

Fidelity, one of the largest asset managers in the world, added bitcoin support to their website and started accepting the digital currency in its employee cafeteria, as it tries to position itself as the pioneer in digital currencies among the large financial firms. As Bitcoin price hit $2,650 today, it is just another sign that Bitcoin and and other possible usages of blockchain are moving full steam ahead into financial mainstream.

Fidelity, that manages $2.2 trillion, now let’s its 26 million customers check their Bitcoin holdings on its website, together with other asset classes such as bonds and stocks, and let’s its employees pay with Bitcoins in the company cafeteria. They are also mining Bitcoins and Ethereum, and actually making money in the process. New Fidelity Chief Executive Abigail Johnson announced the moves at the industry conference Consensus and hailed the possibility of blockchain technology disrupting the transfer of value the same way internet disrupted the transfer of information.

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