Here comes JP Morgan again. In anticipation of increased adoption of blockchain in finance, this giant investment bank is preparing to offer more financial services.
Key takeaways:
In addition to derivatives trading, repo trading, and securities lending, JPMorgan said it plans to expand tokenized collaterals to include equities, fixed income, and other asset types.
. . . over time the bank’s blockchain could potentially be a bridge connecting institutional investors with decentralized finance (defi) platforms in the crypto economy.
The bank estimated the metaverse to be “a trillion-dollar revenue opportunity across advertising, social commerce, digital events, hardware, and developer/creator monetization.”
Decentralized finance and blockchain are real, new technologies that can be deployed in both public and private fashion, permissioned or not.
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#4 is going to be the big one. If and when the market actually starts understanding what it actually means then HIVE could be in for one helluva run.
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Yes, I like that "permissioned or not."
Now that means JP Morgan is really serious and not just poking around.
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Yes, dead serious. I wonder how Gates, Buffett, and other anti-crypto lawmakers would respond to this.
We'll see. I think JP Morgan is a big player in the financial system not only in the US but also in other countries so it will be really interesting what the others would do.
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Yes, I remember the days when I was still active trading stocks at PSE. Not a few would make JP Morgan's entry and exit in one security as a signal either to buy or sell.
It will be great to see how it works out once they go in full force with their crypto plans
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Yeah, that would be a great day. How I wish that we are already prepared at that time for mass onboarding.
It will indeed be a wonderful day. It may take a while before the others get shaken and perhaps follow after they see how it would work for JP Morgan.
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They could come out praising cryptos when they see how much money JP Morgan is putting in their pockets, it's all a matter of time.
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!PIZZA
Well, some time ago I didn't think so, but as cryptocurrencies are a huge opportunity to restore the traditional and dying system, they take it at any cost.
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!CTP
These are good signs and more to come.
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Looking forward to mass adoption.
This is true!
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Yeah :D
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The best thing is that here where we are, we are in the best seat.
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This will be like the NFT fever at the beginning when all they saw was money everywhere, but when they get into development, they will see even better results.
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Just like when I started in P2E, I never thought that I would discover a more precious chest such as Hive than Splinterlands.
Right, Splinterlands is a real gem, by the way, what league are you in?
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The problem with that is whether or not decentralized means the same thing to JPMorgan. I don't think they believe the definition is the same as ours.
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Same question here.
!hivebits
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