JPMorgan: Blockchain to improve payment systems

[wahyu wida]

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.

with all the advantages of blockchain, of course people will look for something more effective. therefore I think the use of blockchain will continue to increase. and this will have a good impact on cryptocurrency

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[PlusOne88]

Well nothing is really going to last forever and issues will always be there. Blockchain will eventually evolve to better serve its purpose. It has been so helpful for so many times since it had been used with cryptocurrency. With some issues around it would be good not to be bothered by any of these and must continue to keep the services better. It would be better if blockchain could be ugraded even before other payment system so as to keep cryptocurrency on top of it in order to give more emphasis on its progress and push the new era of payment systems better than their own.

[adamlillian]

Our blockchain technology is really great, but it's still difficult to serve a large number of banks and customers on a daily basis.
Joyce Chang said that blockchain technology should be separated from electronic money to develop in other areas for technology. because the value of bitcoins has decreased significantly compared to the cost of bitcoin mining.
It seems that Chang really doesn't like the crypto market and just likes blockchain technology.

[shitcoinoffering]

Cryptocurrencies must be filtered to become a payment way... Many cryptocurrencies need to be updated (safety, transaction speed, convenience, etc).
Another problem is a volatility - it is not so high now but it doesn't allow to use it as a payment way because it is difficult or even impossible to measure fair price.
Are stable coins a decision to solve all these problems?

[Kemarit]

Our blockchain technology is really great, but it's still difficult to serve a large number of banks and customers on a daily basis.
Joyce Chang said that blockchain technology should be separated from electronic money to develop in other areas for technology. because the value of bitcoins has decreased significantly compared to the cost of bitcoin mining.
It seems that Chang really doesn't like the crypto market and just likes blockchain technology.

LOL. Of course you should know where they're coming from. It's pretty obvious that those banking or financial institutions hate Bitcoin but love the technology behind. And yes, I would have to agree that Blockchain Technology should be separated from crypto in some cases. The problem is that when people heard Blockchain Technology, Bitcoin comes first to their mind. But we all know that this technology can be applied to almost any another industry, like logistics, supply chain even in electoral process, but it should be private blockchain, IMHO.

[Willitivity]

There is no doubt in what he said, Blockchain technology is gradually becoming the rave of the moment, but some in-house jobs need to be done for massive adoption. Certain things need to be addresse, Blockchain should be restructured and given more recognition as a payment system rather than just a speculative asset.

[Crypdon]

The problem right now is transaction times and scalability. Ripple is fast but is designed for financial industries. Stellar is a good option as they are partnered with IBM so they can create the necessary payment tools

[Idrisu]

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

If this is truth then jpmorgan is tell us that in two to three years to come bitcoin and cryptocurrencies will be adopted as a mode of payment for goods and services and that in turn is going to affect cryptocurrencies market pricing.

[jointherevolution]

It is smart from the current economic system to want to get in on blockchain tech. This is one of the ways they may have success to compete with cryptocurrencies. People do not like the current economic system that gives favor to rich and makes them richer and will look for any way to upset the balance.

[daarul50]

I strongly agree that the blockchain can improve the payment system in the future because I consider that the payment system currently in use is very inefficient even I can say it is very complicated. Different when using blockchain technology, transaction data is very transparent and guaranteed security even transactions that use blockchain technology do not take a long time, are very effective for people who make transactions over long distances.

[cizatext]

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

Indeed we can not deny that fact, blockchain technology have enhanced and improve the financial system and brought about fast and secured payment system and have help to bring the world into one global system without boundary despite the fact that the blockchain face some challenges at some point.