There has been a pump in the crypto market. This announcement may have helped validate the technology ! The first cryptocurrency created by a huge U.S. bank is here ,it’s from J.P. Morgan Chase. #JPMCOIN
This bank moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business. In trials set to start in a few months, a tiny fraction of that will happen over something called “JPM Coin,” the digital token created by engineers at the New York-based bank to instantly settle payments between clients.
Will we see more major banks join the crypto-blockchain space? What will Ripple do? You gotta like the Dimon dude,.
Was Far Jerry right when he said Blockchain systems are faster,cheaper and more secure ? Thoughts and comments are welcome on this blog ..
First,this video –
Will this economic system will not continue ? Is this approaching the end of the line…The currency shuffle… not the Curly shuffle …
The reality is that our evolution to a largely cashless society is almost here.Many folks do not use cash ..
Money doesn’t care what you think. It is simply a means of exchange. When it’s utility is replaced by something more efficient,our cash days can now be numbered. Some folks now know a crypto blockchain can be safer and more efficient. .. Just how many,it would be a guess…
Let us talk about Fiat money., Please watch the above video.Read the book The creature from Jeckyll island .. Give us the reason why if we stopped believing in the value of paper money today,would money be worth anything tomorrow. Amazing debt does have historical precedent, the size and scale of central banks have maintained a certain valuation >. What do you have to argue against it? In fact some so called experts say the system should have crashed years ago . #trustandbelief Some folks say, why should we even think about it ?
Many folks do not care how fiat money works,they just want it to work…
Cryptocurrency and blockchain may be future of money because it is a smarter operating system for a decentralized world. Now saying that,Central banks will have something to say about this subject… #hyperinflation
Powell from the Fed said
“The long-run fiscal, non-sustainability of the U.S. federal government isn’t really something that plays into the medium-term that is relevant for our policy decisions.”
Got a Crypto Wallet?
A great site to get GREAT wallet info is here.
A crypto wallet is essentially a virtual wallet to keep crypto currencies like Bitcoin. Just like with fiat money,folks can need a safe, secure place to keep your cryptocurrencies ! We think one of the best cold storage wallets are Trezor and the Ledger Nano s . Crypto wallets help FOLKS convert their digital currency into and out of their local currency.Also a wallet can help folks trade the many cryptos . There are many wallets, and the best one for you may depends on several factors so read this post . List of some wallets :
Exodus – Worldwide
Blockchain – Worldwide
Bitgo – Worldwide
Jaxx – Worldwide
Coinbase – GDAX
Digital currency conversion services are currently available to customers in Australia, Canada, Singapore, the United States, the United Kingdom, and the following European countries:
CEX – Currencies: USD, EUR, GBP, RUB
Bitso – Currency: MXN
Coinmama – Currencies: USD, EUR
Bitflyer – Japan More info on new wallets coming soon. In the future, we look forward to The Digital Vault review..
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