JPMorgan: Blockchain to improve payment systems

[Unblock_news]

JPMorgan global research chair Joyce Chang said that while blockchain still has issues on its technology and cryptocurrency use, it will make improvements to payment systems in two to three years from now.

Read more here: https://www.unblock.news/news/jpmorgan-blockchain-to-improve-payment-systems

[rose9696]

JPMorgan global research chair Joyce Chang said that while blockchain still has issues on its technology and cryptocurrency use, it will make improvements to payment systems in two to three years from now.

Read more here: https://www.unblock.news/news/jpmorgan-blockchain-to-improve-payment-systems

future banks will have to use blockchain technology and big commercial enterprises like Amazon, Alibaba, Lazada, ... all need to use blockchain technology if they don't want to be left by other businesses behind. Our world is more and more modern and blockchain technology gets even bigger advantages.

[sunsilk]

It is what every company says about blockchain. But they don't highlight the potential of cryptocurrencies, they are for the tech there are times they are denying the usefulness of cryptocurrency.

JP Morgan? what they really wanted to say about crypto's? aren't they the ones that keeps on telling the people that crypto's or bitcoin isn't a thing that people should focus with? Look what they have been doing.

[davinchi]

JPMorgan global research chair Joyce Chang said that while blockchain still has issues on its technology and cryptocurrency use, it will make improvements to payment systems in two to three years from now.

Read more here: https://www.unblock.news/news/jpmorgan-blockchain-to-improve-payment-systems

Just the other day someone shared a news from same JPMorgan who said bitcoin was a bust.
Can they please decide on what they feel about crypto currencies ?
Do they just want to see blockchain succeed whereas bitcoin and all other cryptocurrencies fail? Is that what they want ?

I mean how do they expect blockchain to be something huge while they think cryptocurrencies are a bust while the cryptocurrencies are based on the same blockchain they praise so much. You can't have one without the other, if blockchain can improve the payment systems that well then we already have the bitcoins and ethereums to prove that they are right and that is why we love the cryptocurrencies so much.

Either love both of them or hate both of them but they do not have the luxury to love one and hate the other.

[netto7]

i think JPMorgan want people to buy bitcoin to pump price

have many people forgot about Jamie Dimon said He Doesn’t Give a Sh*t About It.

but JPMorgan buy a lot of bitcoin price drop after her said.

[LeGaulois]

Is it an opinion or the result of their study? If it's just an opinion we should disassociate this person from JPMorgan. He can have his own opinion it doesn't mean JPMorgan endorse it. If it's the result of a search then he should go to forward it to Jamie!  He is always bitching on Bitcoin so maybe he will start to shut up.

[Crypdon]

Early adopters and early investors will benefit the most. The cost savings for the industry are too significant to ignore, even if it's a stable coin that gets traded instead they will love it. I'm thinking it will be litecoin that leads the way in retail

[kryptqnick]

JP Morgan? what they really wanted to say about crypto's? aren't they the ones that keeps on telling the people that crypto's or bitcoin isn't a thing that people should focus with? Look what they have been doing.

Representatives of this bank made lots of shitty statements about cryptocurrencies, if I remember correctly, so I don't care what they are saying anymore. I was also going through an article yesterday that mentioned JP Morgan in the list of banks that don't allow their cardholders to buy cryptocurrencies with fiat from these cards. Obviously, they must recognize the speed and price of international transfers of money, so now the bank want to benefit from blockchain technology and perhaps the bearish market (at least because this market has really low amount of transactions going on, so they are even cheaper and faster than we are used to have them).

[dothebeats]

LOL at these guys talking schmuck about bitcoin while harnessing the technology behind the said cryptocurrency. If they are to use the similar concept of the blockchain on their payment systems, it's like they are somewhat admitting that bitcoin is superior albeit being harsh about it to look like dominant/supreme/they don't care about bitcoin at all. For sure, the blockchain tech will bring a lot of innovation and changes in the current financial system, but so does bitcoin and other cryptocurrencies.

JPMorgan seems to be the household name for scumbags that uses your tools but discredit you for what you're worth.

[ShadowBits]

JPMorgan global research chair Joyce Chang said that while blockchain still has issues on its technology and cryptocurrency use, it will make improvements to payment systems in two to three years from now.

Read more here: https://www.unblock.news/news/jpmorgan-blockchain-to-improve-payment-systems

I know that Blockchain will have a huge impact in the world of payments, and every body will look into it like a new and useful way to pay.

[Julunguul]

JPMorgan global research chair Joyce Chang said that while blockchain still has issues on its technology and cryptocurrency use, it will make improvements to payment systems in two to three years from now.

Read more here: https://www.unblock.news/news/jpmorgan-blockchain-to-improve-payment-systems

The good news is they realize there's still a big issues about this, like regulation, scalability, integration, just as they said. But even if those issues already solved it doesn't mean that payment system with blockchain gonna do the job. We all know it has been 10 years and even one of those issues is not resolved yet.
So should we wait another 10 years ?

[Harlot]

Just the other day someone shared a news from same JPMorgan who said bitcoin was a bust.
Can they please decide on what they feel about crypto currencies ?
Do they just want to see blockchain succeed whereas bitcoin and all other cryptocurrencies fail? Is that what they want ?

I mean how do they expect blockchain to be something huge while they think cryptocurrencies are a bust while the cryptocurrencies are based on the same blockchain they praise so much. You can't have one without the other, if blockchain can improve the payment systems that well then we already have the bitcoins and ethereums to prove that they are right and that is why we love the cryptocurrencies so much.

Either love both of them or hate both of them but they do not have the luxury to love one and hate the other.

It's more on the technology behind cryptocurrencies really, they can say whatever they want on cryptocurrencies having no monetary value and it will be only be money of a dystopian world but they personally know that Blockchain technology is a good feature to add into their system. They haven't said anything bad on the tech but the cryptos itself and even though they are saying harsh words to cryptos they know that they are using a part of it in the future, so I guess they are somehow eating their words for saying cryptocurrencies are a worthless creation.

[lyfecoin]

i think JPMorgan want people to buy bitcoin to pump price

have many people forgot about Jamie Dimon said He Doesn’t Give a Sh*t About It.

but JPMorgan buy a lot of bitcoin price drop after her said.

Blockchain is not bitcoin .
blockhain is the technology behind bitcoin..there are many companies implementing blockchain in their ecosystem/applications

[diazepam666]

JPMorgan global research chair Joyce Chang said that while blockchain still has issues on its technology and cryptocurrency use, it will make improvements to payment systems in two to three years from now.

Read more here: https://www.unblock.news/news/jpmorgan-blockchain-to-improve-payment-systems

JPM many shared critics and some good deeds about crypto currency. All they want is to have crypto which is really friendly to them alone. They do not want the transparency, anonymous and open payment system. These will reduce many people business through out the world. We really do not need to concentrate on the wolf. We may wait for any whale's adoption instead of that.

[n0ne]

Being one among the top financial institutions person coming up with such a statement is really appreciable. Blockchain, an innovation that can be used on each and everything upon the need. As of now it isn't spread around, it has just started over a corner and it has got issues. Probably everything goes good in two to three years time as everything is adoptive to Blockchains.

[89squad]

JPMorgan global research chair Joyce Chang said that while blockchain still has issues on its technology and cryptocurrency use, it will make improvements to payment systems in two to three years from now.

Read more here: https://www.unblock.news/news/jpmorgan-blockchain-to-improve-payment-systems

future banks will have to use blockchain technology and big commercial enterprises like Amazon, Alibaba, Lazada, ... all need to use blockchain technology if they don't want to be left by other businesses behind. Our world is more and more modern and blockchain technology gets even bigger advantages.

"should". In order for this to happen, not enough time must pass. Until they introduce these technologies, until the government regulates them, more than one year will pass. But in the future I am satisfied with such a future.

[HODL2090]

I totally agree with the statement, the blockchain has huge potential to disrupt the payment sector. With improvements in key areas and launch of more projects to support more transactions and make it more user friendly, blockchain could go mainstream.

[Akpuv]

JPMorgan global research chair Joyce Chang said that while blockchain still has issues on its technology and cryptocurrency use, it will make improvements to payment systems in two to three years from now.

Read more here: https://www.unblock.news/news/jpmorgan-blockchain-to-improve-payment-systems

Such a good news from JPMorgan. I know they have a good and positive view of the blockchain technology, which is why I am very certain of the future of cryptocurrency.

[shield132]

Everytime I hear JPMorgan, I automatically think about JCPenney lol.
Blockchain technologies are really great invention, also as I know mastercard has patented a proposed system for the launch of multi-currency blockchains. This is a new great begining too, I am even amazed why weren't they interested in it even some years ago.

[d5000]

If Bitcoin - and cryptocurrencies in general - solve their scalability/usability/stability problems, then banks will have to re-think their business model. For example, if Bitcoin was to become massive, for many people bank accounts would no longer be necessary and could become a niche business.

So I disagree with Chang that they couldn't "reinvent the global payment system".  Payment can be completely revolutionized by cryptos and blockchains. But banks like JP Morgan have many reasons to issue "cautious" statements about them, as they may be afraid of a massive Bitcoin adoption.

However, it's the loan business that banks will most likely to retain for a long time, as they have most experience in risk management. I haven't seen convincing, rivalling decentralized projects - while with a DAO/token system, loans for businesses would be probably possible, "private" loans are very, very difficult to conceive in a decentralized way.

mastercard has patented a proposed system for the launch of multi-currency blockchains. This is a new great begining [...]

Multi-currency blockchains are actually quite old I would like to know what Mastercard's system is improving with respect to Omni, Ripple, NXT, Ethereum (to name some of the oldest) and their newer friends like EOS or NEO.