One of the great news from Fintech was that JP Morgan Chase was issuing its own currency named JPM Coin. The fact that a bank of the old, traditional and conservative school was adopting the blockchain technology and was becoming a crypto drew much attention from traditional finance and disruptive…
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The American entity thus becomes the first bank to make a strong bet on digital currencies. It will have a restricted use to transactions between large investors, excluding individuals. The US bank JPMorgan Chase announced the launch of its own cryptocurrency, JPM Coin. Which will be indexed on the dollar…
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JPMorgan continues to get it wrong. Using blockchain to run a closed network is like wearing a designer suit to wash your car. But that is shortsighted and misguided thinking, according to Ron Shevlin, Director of Research at Cornerstone Advisors. In an article for Forbes, he argues that the announcement…
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There was much negative talk this week over JPMorgan’s launch of JPM Coin. Timo Schlaefer, CEO of Crypto Facilities, for instance, commented that, “JPMorgan continues to get it wrong. Using blockchain to run a closed network is like wearing a designer suit to wash your car”. But that is shortsighted…
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In light of what JPMorgan recently created with its cryptocurrency plan backed by a bank, it is worth remembering that another large institution tested a token to connect global payments for the first time in 2015. About Citicoin Named “Citicoin”, the bank never formally announced the project outside Citigroup’s innovation…
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Just a few weeks ago, JP Morgan Chase, one of the largest financial institutions in the world, shocked the cryptographic space. For those who missed the memo, the Wall Street pillar revealed plans to launch their own digital asset, based on the private accounting book Ethereum-Esque Quorum. Due to its…
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It is no wonder that Nouriel Roubini, world-renowned economist and known as “Dr. Doom “, be an ironclad retractor of the cryptocurrencies and the chain of blocks, showed Bitcoin as the target of all fraud before US senators. Last week, one of the great news from Fintech was that JP…
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The company Spend offers an app for payment services. Some time ago, the company has also integrated payment options for Litecoin and Dash. Now Spend has announced via Twitter that they have also recorded Ripple XRP. With the help of the Spend app, customers can now pay with Ripple XRP…
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There was much negative talk this week over JPMorgan’s launch of JPM Coin. Timo Schlaefer, CEO of Crypto Facilities, for instance, commented that, “JPMorgan continues to get it wrong. Using blockchain to run a closed network is like wearing a designer suit to wash your car.” But that is shortsighted…
Comments closed
There was much negative talk this week over JPMorgan’s launch of JPM Coin. Timo Schlaefer, CEO of Crypto Facilities, for instance, commented that, “JPMorgan continues to get it wrong. Using blockchain to run a closed network is like wearing a designer suit to wash your car.” But that is shortsighted…
Comments closed