Sunday, May 26, 2024

JP Morgan veteran: Blockchain may end Commercial Banks

By DAC000 , in Blockchain Cryptocurrency , at December 2, 2020 Tags: ,

fascinating interview with JP Morgan’s former global head of energy trading, Daniel Masters, in which he suggests Blockchain and Cryptocurrenices could spell the end of Commercial Banking. About a five minute read.

Comment: an excellent forward looking perspective, reiterating a view that by now should be obvious to anyone knowledgable about Cryptocurrencies — once Central Banks begin issuing Crypto the role of Commercial Banks in the Financial System is redundant.