BREAKDOWN: JPMorgan Launches JPM Coin – Welcome to the Private Currency Era

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 27 October 2020

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

The investment banking giant says the blockchain hype cycle has moved past inflated expectations and into the realm of being commercially viable. This episode is sponsored by Crypto.com, Nexo.io and Elliptic. 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 See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:45.6	That's audible.com slash Wondery UK.
0:49.6	Make no mistake that this is a fundamentally new era where all of a sudden these corporations
0:55.2	are going to use this type of synthetic currency as a key part of how they do business.
1:01.0	Given how much we've seen just native, organic, decentralized adoption of stable coins this year,
1:07.4	it's hard for me to imagine that these technologies won't end up finding their way into
1:10.9	some very different use cases than currently JPMorgan executives are thinking about.
1:16.5	Welcome back to The Breakdown with me, NLW.
1:20.6	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:26.5	The breakdown is sponsored by crypto.com, nexo.io, an elliptic, and produced and distributed by
1:32.9	CoinDesk.
1:34.6	What's going on, guys?
1:35.6	It is Tuesday, October 27th, and today we are talking about the private currency era as
1:41.8	JPMorgan launches JPM coin. First up, however, let's do the brief.
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