JPMorgan Launches JPM Coin: Welcome to the Private Currency Era
Today on the Brief: Stocks down; bitcoin up Consumer confidence shaky as baking supplies demand grows 3,400% Bank for International Settlements and Swiss central bank to test CBDC this year Our main discussion: JPM Coin. Initially announced in...
October 28, 202013m 13s
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Show Notes
Today on the Brief:
- Stocks down; bitcoin up
- Consumer confidence shaky as baking supplies demand grows 3,400%
- Bank for International Settlements and Swiss central bank to test CBDC this year
Our main discussion: JPM Coin.
Initially announced in February 2019, JPMorgan’s JPM Coin is being launched for commercial use. In this episode, NLW looks at:
- The history of private currencies in the U.S.
- Why Libra was a starting gun for both governments and other private corporations
- How JPMorgan intends to make money from JPM Coin
- Why other investment banks might follow