Hello, fellow, Robo Capital. So if you're well, wanted to do a quick video and give you guys a heads-up, a report, because I haven't seen too many people talking about this. J.P. Morgan just launches their own cryptocurrency. Now, it's not called dystopian coin. That's kind of my nickname for it. But let's dive into the details and see if this could

lead to something that would resemble a central bank digital currency or if this is just a

fantastic step forward in innovation that's going to make transactions much, much easier and much

easier for businesses. And at the end of the day, the average Joe and Jane to go ahead and

make payments, especially cross-border. So let's go into the details or the details as far as we have them for what's happening with what they're

calling JPMD, I think is the name of this cryptocurrency. Now, it's not a stable coin. It's a

representation of a deposit that they would have as far as a commercial bank deposit liability

on their balance sheet. So first and foremost, I'm going to go over to Bloomberg.

And here you go, J.P. Morgan to pilot deposit token JPMD on Coinbase linked blockchain.

CNBC is just calling it an outright cryptocurrency.

Whatever you want to call it, the bottom line is they now have a digital token called

JPMD.

I said that a few times here.

We can call it dystopian coin.

This represents dollar deposits.

So this isn't actually a liability.

As far as I can tell,

and we'll have to see how or what the details are

as this program progresses.

But as far as I can tell right now, this isn't these JPMDs.

They're not liabilities of J.P. Morgan.

They're just a representation of liability.

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