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Don't normally connect dots, but hey, it's almost Christmas, let's have fun...
Mr. Jay Clayton was once a partner at Sullivan & Cromwell LLP, where he was a member of the firm’s Management Committee and co-head of the firm’s corporate practice. OK
https://www.sec.gov/biography/jay-clayton
Mr. Jay Clayton was once a partner at Sullivan & Cromwell LLP, where he was a member of the firm’s Management Committee and co-head of the firm’s corporate practice. OK
https://www.sec.gov/biography/jay-clayton
Sullivan & Cromwell advises some of the largest firms and investment banks in the world, one of which is Goldman Sachs. The firm happens to be very familiar with global banking infrastructure including cross border commodity swaps & even SWIFT messaging:
https://www.sullcrom.com/publication_detail_869
https://www.sullcrom.com/publication_detail_869
At the same time Goldman Sachs advances a cross border payments initiative in early of 2020, hmmm...
https://insidesap.com.au/goldman-sachs-group-inc-innovates-cross-border-payments/#:~:text=Advances%20Cross%20Border%20Payments.%20Goldman%20Sachs%20Group%20Inc.%2C,globally%20including%20corporations%2C%20financial%20institutions%2C%20governments%2C%20and%20individuals.
https://insidesap.com.au/goldman-sachs-group-inc-innovates-cross-border-payments/#:~:text=Advances%20Cross%20Border%20Payments.%20Goldman%20Sachs%20Group%20Inc.%2C,globally%20including%20corporations%2C%20financial%20institutions%2C%20governments%2C%20and%20individuals.
SAP Ariba is the primary arm of the GS investment, "The tech-forward & secure x-border Global Payments capabilities of Goldman Sachs will be made available in select SAP Ariba solutions. https://insidesap.com.au/goldman-sachs-group-inc-innovates-cross-border-payments/#:~:text=Advances%20Cross%20Border%20Payments.%20Goldman%20Sachs%20Group%20Inc.%2C,globally%20including%20corporations%2C%20financial%20institutions%2C%20governments%2C%20and%20individuals.
Super interesting... huh, imagine that...
https://www.ariba.com/support/partners/financial-partners#:~:text=Buyers%20can%20execute%20cross-border%20and%20domestic%20payments%20directly,while%20suppliers%20are%20paid%20in%20their%20local%20currencies.
https://www.ariba.com/support/partners/financial-partners#:~:text=Buyers%20can%20execute%20cross-border%20and%20domestic%20payments%20directly,while%20suppliers%20are%20paid%20in%20their%20local%20currencies.
At the same time SAP Ariba inked a blockchain supply system with Everledger in 2017 https://www.coindesk.com/sap-ariba-blockchain-supply-chain-everledger
SAP working with Ripple at some point ... learn first, then copy, the plot thickens... https://www.coindesk.com/sap-blockchain-development-following-market
So we get to this article penned by John Bertrand who joined SAP in 2014... https://www.finextra.com/blogposting/12843/blockchain-be-prepared
Also interesting is who has an ownership stake in Everledger, Digital Currency Group, owned by none other than Mr. Barry Silber, wow, small world! Also on the board, Glenn Hutchins & Larry H. Summers https://dcg.co/who-we-are/
Look the gangs all here! It's like a family reunion... SEC, Larry, and Goldman's man Gary. So nice to see people get together.
Meanwhile, back at home base Goldman makes a play into cross-border, fascinating...
https://www.cnbc.com/2020/10/28/this-is-how-goldman-intends-to-break-into-the-32-billion-industry-serving-c.html
https://www.cnbc.com/2020/10/28/this-is-how-goldman-intends-to-break-into-the-32-billion-industry-serving-c.html
Huh, that's sounds familiar. Where have I heard integration services for digital assets and Goldman.. https://www.coindesk.com/circle-raises-50-million-with-goldman-sachs-support
Wow, this is getting good, pull a string you never know what you can find... https://www.circle.com/blog/free-cross-border-payments-european-growth-product-features-and-new-services
I'm going to stop now. I'm just bored on a day off and decided to make a point about creating havoc and speculation on Twitter over the motivations of humans I've never met nor talked to, because that's how twitter does. We like drama. Fun times folks! Enjoy.
