It was reported that Goldman Sachs has made a patent application for a cryptocurrency settlement system that aims to revolutionize global payment.

ANBOUND's scholars are of the view that there are still many problems associated with the development of the virtual currency such as market status, risk control, technical support and others.

It remains unclear as to how far the virtual currency can go and in real life world, the reactions from the governments and the central banks are yet to known.

The development path of the virtual currency will be long and challenging.