Part 9/10:
- JPM Coin: This stablecoin initiative by JPMorgan Chase exemplifies the potential of major banks integrating blockchain for efficiency gains. It operates as a digital dollar, allowing for secure and quick transactions limited to JPMorgan's clients.
Looking Ahead
The integration of blockchain with existing payment systems suggests a move toward a more interconnected and efficient financial ecosystem. However, for blockchain to thrive, it must adapt to encompass various payment settlement structures. The foundational technologies supporting the current systems will need to be incorporated into the blockchain paradigm, including omnibuses and net settlement approaches, to ensure broad adoption.