JP Morgan is not hiding the fact they believe the tokenization of assets is the major opportunity in finance going forward and it aims to take advantage. The company is going ahead with plans in spite of regulatory uncertainty.
In this video I discuss how we are seeing the banks and others already developing. Yet the central banks are researching, studying, and writing papers. This is a race and the central banks are not even to the starting line.
▶️ 3Speak
The private sector thankfully runs circles around the public/government sector.
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I appreciate how you keep hammering these points in.
Everyone keeps talking about CBDC but still can't answer any of these questions about how it will actually come about. "They'll figure it out soon™," does indeed seem to be the goto response.
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i see the hole system differenty. politicians, bankers, fed, big corps - how good old George Carlin called them: the owners, are all in the same club. they don't do anything against each other. and for them not the money counts, but only control and power.
in the end of the day, they won't care what kind of surveillance coin, token you use, but only use those! So, I don't think they care much the different names, when it serves the same purpose. CBDC, stable coins, cryptos (within that i could name almost all of those), and of course, it takes time, but it is going to happen (5-10 maybe 50 years, who knows), if people don't move towards other directions in time.
anyway, Goldman Sachs invested (or maybe even founded, i am not sure) the USDC stablecoin years ago. 4-5-6 years ago, what is that, if not a CBDC? because not the FED issued that? it still serves the same purpose. and once again, in my opinion, they are all the same, in the club. we get the illusion of choice only.
(anyway, i am curious, what will happen with stablecoins - including HBD - when the dollar starts to go down massively, losing the world no1 currency title in all aspect...)