Think of your own Essay Example | Topics and Well Written Essays - 1000 words

Think of your own - Essay ExampleE-coins consent significantly simplified the activities involved in the exchange of goods and services. There is a evolution in the popularity of the e-coin usage. The growth of e-coin users presents Goldman Sachs with a viable fortune that needs to be utilized (Meiklejohn et al. pp 1-10).For Goldman Sachs to acquire a strategic part in the future investment industry, it is crucial to introduce e-coin services to its portfolio. E-coins have numerous advantages that have contributed to their ripening popularity (Meiklejohn et al, pp.20-25).The figure of e-coin users has grown at a high rate in recent times. By April 2015, the number of e-coin users stood at over 3million. The number of e-coin transactions is also on the increase with over 120,000 transactions per day as at March 2015. The e-coin market value is also inclining. These trends provide Goldman Sachs an opportunity to utilize in its quest to maintain competitive advantage over its riva ls. With such high rates of growth in various e-coin components, the investment industry is expected to react. Investment executives from different firms are examining the e-coin market to assess the feasibleness of earning good returns from it. It will be appropriate for Goldman Sachs to act before its competitors since there is growing attention towards this opportunity from various investment companies.E-coin transactions are quick. A typical e-coin transaction only takes 5 minutes. desire transactions across different borders take up to 5 days. Ecoin transactions do not have charge transaction fees. The short time that e-coin transactions take will watch that Goldman Sachs handle more transactions that will in turn translate to increased revenues. Transaction comprise will also decline since e-coin transactions do not charge transaction fees. The amount of cost minimized will contribute to increasing profits for Goldman Sachs.E-coins are not controlled or regulated by central