🏦 [Analysis] Thoughts on JPM Coin - Michel Rauchs
JPM Coin is not a cryptocurrency, but it has fantastic and far reaching implications that fall in line with crypto ideology. The new coin is not even best described as a stablecoin but an "internal digital accounting token representing USD." With new efficiencies come new market movements such as other banks issuing internal tokenzied systems, competition amongst systems, and hopefully against central banks. JPM Coin is a boon that fulfills crypto principles because it incites competition in a gridlocked industry, banking, that could perhaps bring us a step closer to free banking once again.
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