Apparently, JPMorgan is coming out with their own cryptocurrency to help aid with international transfers within the bank. Do you think this will succeed? Are other banks developing their own digital coins too? I think unless governments come up with their own digital currencies decentralization is too much of a risk. What exactly are the benefits of a decentralized currency? Would love to hear from finance gurus!
Last month called they want their news back
Why wouldn’t it succeed? It’s just another tether coin of their own, they have the usd to back it.
It might kill XRP
Succeed? It’s irrelevant. The only thing that matters is bitcoin. Alt coins are forks. Developers only care about bitcoin and those are the only people that matter.
No it won't
See you on the moon. Bring your lambo.
They have millions of dollars to invest in it and market it to make it succeed .. eventually it will be a success..
think about the technology that backs up the idea, now think about the size of the supporting company. what does that tells u ?
That you can't writes or thinks Google Glass was supposed to be a smash hit too, for the same reasons when released.
Lololol
Banks have been jizzing their pants over blockchain for a while now but for JPM there’s no benefit to decentralization.
There could be, but probably not as a cryptocurrency unless it grows substantially in usage rates and value (like Bitcoin). Blockchain software can (eventually) automate transaction, compliance and fraud detection processes, potentially saving billions in long term labor costs through automation.
Those bank coins are centralized coins