Cryptomustar
Monday, May 23, 2022
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Cryptomustar
No Result
View All Result
Home Blockchain

Blockchain Is Laying the Bedrock for Digital Money

by admin
August 29, 2020
in Blockchain
0
Blockchain Is Laying the Bedrock for Digital Money
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter



RELATED POSTS

First Mover Asia: Terra's Difficult Post-Collapse Path: VCs Backing Away, Regulators Jumping on Stablecoins

Regulators Are Paying Attention to UST

JPMorgan released a report last Friday, detailing the global enthusiasm for blockchain technology in the financial sector.


In the 74-page report, JPMorgan described several projects that have shown ‘real world’ application for Blockchain in finance and as a result describes 2019 as the year of “the rise of digital money”.

In the report, the US investment banking heavyweight elucidates many of the most promising use-cases which it sees as having the potential for wide-spread adoption in the financial sector.

JPMorgan Reports Huge Moves Towards Blockchain

In the report, JPMorgan describes the way in which blockchain — the technology which allows a ledger to be controlled by multiple agents — is being rapidly taken up by financial and political actors.

They suggest that the “groundwork is now in place” for the massive adoption of blockchain in the realm of “Payments, trade finance, and custodial services”, which “remain the clearest use cases for blockchain”.

JP Morgan says that the merits of the technology are to facilitate cross-border payments using digital assets and in allowing some equity trades.

The Recent Growth Of Blockchain

Over the last several years, research and investment in blockchain technology have been taken up by some famous brand names: Facebook (with their Libra coin), the Winklevoss brothers’ (Gemini coin), and JPMorgan (with the JPM coin).

Governments are moving in as well: For example, China is said to have been developing a new digital Yuan, which will be regulated by the central bank there, and Great Britain’s Bank of England has announced the start of its research into creating a digital currency.

The attempt to successfully adopt distributed ledger technology and create a digital currency has become akin to a technical arms race mirroring the episode Winklevoss vs. Zuckerberg to establish a social network and the historical arms race between West vs East.

What are the challenges — according to JPMorgan?

While the report discusses the massive uptake and rise of blockchain technology — it is not overly optimistic. After giving encouraging descriptions of the changes, the firm demotes the cryptocurrency project to a second rate investment.

“Developments have not altered reservations about the limited role that cryptocurrencies play in global portfolio diversification or as a hedging instrument,” JPMorgan warns.

They argue that crypto acts as a ‘hedge’ to protect their investments from loss of confidence in traditional currency.

This differs from the attitudes of many crypto asset management firms, such as Enigma Securities who recently told me that they believe cryptocurrency should soon play a pivotal role in hedge fund portfolios.

What do you think about JPMorgan’s observations on the rise of blockchain technology? Share your thoughts in the comments below! 


Image via Shutterstock



Source link

Tags: BedrockBlockchainDigitalLayingmoney
ShareTweetShare

Related Posts

Luna Foundation Guard Acquires $1.5B in Bitcoin to Reinforce Stablecoin Reserves

First Mover Asia: Terra's Difficult Post-Collapse Path: VCs Backing Away, Regulators Jumping on Stablecoins

by admin
May 22, 2022
0

Some investors see salvageable pieces while others are bemoaning their involvement and want to forget the protocol ever existed;...

Regulators Are Paying Attention to UST

Regulators Are Paying Attention to UST

by admin
May 21, 2022
0

The introduction of the Libra stablecoin project led to, years later, multiple regulatory approaches and the certainty that sooner...

Market Wrap: Cryptos Decline Amid Choppy Trading, DeFi Tokens Underperform

Market Wrap: Cryptos Decline Amid Choppy Trading, DeFi Tokens Underperform

by admin
May 20, 2022
0

Risk-off conditions remain intact as volatility returns to stocks and cryptos. Meanwhile, DeFi tokens are lagging behind bitcoin (BTC)....

Las criptomonedas deberían cumplir con las mismas normas que las finanzas regulares, dice el G7

Las criptomonedas deberían cumplir con las mismas normas que las finanzas regulares, dice el G7

by admin
May 20, 2022
0

Los ministros de Economía y Finanzas quieren que la estabilidad financiera y los estándares de lavado de dinero entren...

Terra’s LUNA Has Dropped 99.7% in Under a Week. That’s Good for UST

las aplicaciones DeFi de Terra han perdido $28.000 millones

by admin
May 20, 2022
0

"Se ha perdido la confianza, pero en caso de compensación por pérdidas y devolución de fondos, hay posibilidades de...

POPULAR NEWS

4 Cryptocurrency that Blow Bitcoin Out of the Water

4 Cryptocurrency that Blow Bitcoin Out of the Water

September 25, 2020
Memoriae – Next Generation of Decentralized Cloud Storage Based on Blockchain

Memoriae – Next Generation of Decentralized Cloud Storage Based on Blockchain

July 1, 2021
Apollo CBDC: The CBDC Platform that can Power Economies

Apollo CBDC: The CBDC Platform that can Power Economies

October 6, 2020
Stratus: The Most Feature Rich Social Media Network

Stratus: The Most Feature Rich Social Media Network

September 9, 2020
Binance Coin (BNB) erupts above $270 as the whole Smart Chain ecosystem soars

Binance Coin (BNB) erupts above $270 as the whole Smart Chain ecosystem soars

February 19, 2021

EDITOR'S PICK

Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

May 22, 2022
Everscale makes history as first team to burn total raised on token launch

Everscale makes history as first team to burn total raised on token launch

May 18, 2022
Bitcoin Options Market Sees Low Odds of Sky-High Rally in 2021

Bitcoin Options Market Sees Low Odds of Sky-High Rally in 2021

February 11, 2021
Gwyneth Paltrow says she’s bullish on Bitcoin

Gwyneth Paltrow says she’s bullish on Bitcoin

December 21, 2021

About

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Follow us

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Press Release
  • Regulation
  • Uncategorized

Recent Posts

  • Fantom Maker Announces the Closing of Its $1.8m Private Rounds Led by Dao Maker and Halvings Capital
  • Cardano IDO LaunchPad “Coollaunch” Records a buzzing progress as it Sells Out 0ver 11% Of $COOL Tokens Within Days
  • BabyMusk Coin Launches, As It Aims To Be The Next Big MEME Coin
  • Coinrealcap Announces Its Pinksale, Aims To Bring Advanced Crypto Tracking Features
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 cryptomustar.com

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 cryptomustar.com

  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • yfBetayfBeta(YFBETA)$4.27-0.10%
  • IDLEIDLE(IDLE)$1.44-12.39%
  • WPP TokenWPP Token(WPP)$0.006826-3.49%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Werewolf CoinWerewolf Coin(WWC)$0.098082-2.58%
  • PolkaBridgePolkaBridge(PBR)$0.439784-6.92%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • EvidenZEvidenZ(BCDT)$0.122949-3.85%