Dear Subscriber, “JPM Coin can yield significant benefits for blockchain applications by reducing clients’ counterparty and settlement risk, decreasing capital requirements and enabling instant value transfer,” said Umar Farooq, head of digital treasury services and blockchain at JP Morgan, two years after Jamie Dimon called bitcoin a scam.
On PaymentEye this week, we ask the head of cryptocurrency analytics at Elliptic what’s changed JP Morgan’s mind and what this now means for the rest of the crypto market.
Elsewhere, Lyle Wraxall, CEO of the Digital Isle of Man Agency, discusses how the UK Treasury is using Isle of Man as a “regulatory weathervane” for blockchain applications.
Read, enjoy and share.
David Beach
PaymentEye
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