Today on the Brief:
Stocks down; bitcoin up
Consumer confidence shaky as baking supplies demand grows 3,400%
Bank for International Settlements and Swiss central bank to test CBDC this year
Our main discussion: JPM Coin.
Initially announced in February 2019, JPMorgan’s JPM Coin is being launched for commercial use. In this episode, NLW looks at:
The history of private currencies in the U.S.
Why Libra was a starting gun for both governments and other private corporations
How JPMorgan intends to make money from JPM Coin
Why other investment banks might follow
