Re:JPM Coin Is the Wildest Big Bank Idea in Many Years
by lucozade on Friday March 22, 2019 @01:47PM
(#19464965)
> Yeah that's terrifying.
Except they're not doing anything of the sort. They've created a stablecoin backed by their balance sheet. They plan to use it for reducing the friction on payments and payment like processes.
That's it pretty much. TBH if JPM were going to attempt a major violation of their regulatory constraints, I'd expect them not to publish it on their website.
Except they're not doing anything of the sort. They've created a stablecoin backed by their balance sheet. They plan to use it for reducing the friction on payments and payment like processes.
That's it pretty much. TBH if JPM were going to attempt a major violation of their regulatory constraints, I'd expect them not to publish it on their website.