Bitcoinization: JPMorgan Notes ‘Similarly Situated’ Countries Could Make Bitc...
JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may be “the beginning of a broader trend among similarly situated, smaller nations.” JPMorgan’s Opinion on Bitcoinization in El Salvador Investment bank JPMorgan released a report Friday titled “The Bitcoinization of El Salvador.” The country’s congress passed the bill making....
Related News
JPMorgan has offered its view on the bitcoinization of El Salvador, the country which recently made bitcoin legal tender alongside the U.S. dollar. JPMorgan says, “It is difficult to see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” JPMorgan on the Bitcoinization of El Salvador JPMorgan & Chase’s Latin American research team published a report titled “The Bitcoinization of El Salvador” Thursday. El Salvador recently passed legislation making bitcoin legal tender alongside the U.S. dollar. The JPMorgan....
How embarrassing! As more details about JPMorgan ’s “The Bitcoinization of El Salvador” report come to light, the reality of the situation settles. Traditional organizations don’t have a clue that the Lightning Network exists and is up and running. More so, Bitcoin is legal tender in El Salvador because and only because El Zonte is […]
President Bukele tweeted his predictions for Bitcoin this upcoming year, including a $100,000 price target.
JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.”
JPMorgan’s Blockchain Plans
JPMorgan Chase & Co foresees increased blockchain usage in traditional finance and is getting ready to offer related services, Bloomberg reported Thursday.
The global investment bank has been using a blockchain for collateral settlements, allowing its clients to use a wider range of assets as....
The largest US bank by assets, JPMorgan Chase & Co, believes there is potential in the blockchain, a digital currency platform, to make back office processes more efficient, according to the Financial Times. JPMorgan officials said the bank believed blockchain could make multiple transaction types more efficient and accurate. They could also make transactions more transparent. This is a telling move by a bank long accused in cirlces – from Internet forums to government offices – of manipulating markets. Under Blythe Masters – a former JPMorgan employee now working in the Bitcoin space –....