JPMorgan Launches JPM Coin: Welcome to the Private Currency Era

The investment banking giant says the blockchain hype cycle has moved past inflated expectations and into the realm of being commercially viable.

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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 also: JPMorgan’s ‘JPM Coin’ Is Live, Execs Say

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.