One of the largest banks in the world; as what is JP Morgan Chase is making its way slowly in the world of technology Blockchain. Now, according to the news sources, the bank giant, and ConsenSys, are discussing a merger. JP Morgan is known for having a vision a little particular about the technology Blockchain, and the cryptocurrencies. Years ago, to the great bank these two technologies were simply a matter of fashion, and even a great scam. But, little by little, his vision has been changing. In unison; with the adoption of more banks to the technology Blockchain; and even of the cryptocurrencies. Of course, you have to make a special reference, is that the two technologies have managed to break away in recent times. Since many do not necessarily listen to “Blockchain” and think of “Bitcoin”.
JP Morgan in Ethereum
According to sources very close to both projects, the department of JP Morgan in charge of the adoption of the technology Blockchain so-called “Quorum”; and the developers at Ethereum (ETH) of ConsenSys; they are very close to agreeing on a trade agreement. According to the available data; JP Morgan currently has a team of 25 developers in the team for a QUORUM. The construction of the chain blocks of the bank is based on the source code of the Blockchain of Ethereum (ETH). To improve the operation of your crypto Stablecoin “JPM COIN” on Quorum; thus reducing the friction of the instant payments. This is why the union between these two companies; they may seem very different between them does not seem so far-fetched. According to the rumors almost confirmed; yet it is not clear if the team Quorum will be joining the team of ConsenSys after the merger. In addition, it is very unlikely that this I know of in the short term; “the conversations continue, and the financial details have yet to be discussed between both of you.”
JP Morgan in the tenure Blockchain
The tendency is becoming increasingly marked, between the union of companies; of all kinds; with signatures of the current world of fintech. This merger undoubtedly would mark a new step in the way towards mass adoption of new disruptive technologies. On the other hand, the team Blockchain of JP Morgan is currently running the Interbank Information Network (IIN). This is a payments network that involves more than 300 banks worldwide 🌎. Therefore, the merger of these two firms could prove to be extremely beneficial to all current solutions, the largest bank in the united States 🇺🇸. “It might be a news giant to both ecosystems”. The following two tabs change content below. Economics student at UCV. Advocate of individual freedoms and of course also of the market and the cryptocurrencies.