Mar 21, 2019 at 17:12
IBM Joins Two Major U.S. Banks to Issue their Own Crypto
IBM Corp., one of the leading technology providers for creating crypto, revealed that two bullish U.S. banks are gauging the benefits of following JPMorgan’s position in issuing a stablecoin. JPMorgan is the biggest U.S. bank in terms of assets, it moves over $5 trillion in wholesale payment daily. The move by IBM threatens Ripple in one way or another.
JPM Coin isn’t a Cryptocurrency as JPMorgan Claims
The giant U.S. bank, JPMorgan, declared plans to roll out JPM Coin on February 14 and has shown love for cryptocurrency on Valentine’s Day, notwithstanding Jamie Dimon having criticized Bitcoin (BTC) as being a fraud some time ago. It will be employed to conduct payments between customers and the lender will then labor to transfer international payment on to the distributed ledger technology (DLT), which could make a potential impact on the fintech sector.
Delta Exchange Launches World’s First Stablecoin Settled Bitcoin Futures
Delta Exchange, one of the fastest growing cryptocurrency derivatives exchange has launched world’s first stablecoin settled Bitcoin Futures. Stablecoin (USDC) futures will allow traders to margin in stablecoin and to earn profit / loss in stablecoin. These futures are available on Bitcoin, Ether and Ripple; all pairs are quoted in USD and settled in USDC.
Bitcoin, Tumblers & Privacy in the Digital World
The cryptocurrency industry is aware of the need for privacy applications, as private businesses are planning to track pseudo-anonymous Bitcoin (BTC). That necessity has created waves of altcoins each expecting to surpass the rest.