Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: LogiC on August 08, 2020, 07:15:41 AM
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A news just popped in about newly appointed Digital asset global head Matthew McDermott is interested and firm to embrace blockchaun and digital assets.
"We are exploring the commercial viability of creating our own fiat digital token, but it’s early days as we continue to work through the potential use cases," he said.
In addition, he also expanding their team by hiring Oli Harris as their head of strategy. Mr. Harris is known for the launching of JPMCoin last year JPMorgan's digital asset. Seems banks are coming in. I wonder if these executions will be a threat to our precious [btc]itcoin.
NOTE:
Reshared from my other forum account.
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I'm not sure if this news can trigger a lot of excitement cause we had a lot of news of the same kind already from JP Morgan, Japan's 3 biggest banks (https://www.coindesk.com/japan-banks-digital-payments-system) and some others. All of them are just digital currencies, based on blockchain and mostly internal used. Crypto enthusiasts want to see much more than that.
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I am not seeing these digital assets coming from banks and even those from central banks to be real threats to Bitcoin but in fact they can go into win-win situations when there will be platforms that can easily swap these assets. Let them introduce as many as they want. This is in fact a big confirmation that Bitcoin is very much legit otherwise they are not going to do a copy-cat.
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I expect most of the big corporation to try to create their own digital currencies but they won't be successful IMO just lool at what happen to Intranet, some of them understand this and are trying to build market around the existing market instead of creating their own coin because people won't use them.