Blockchains for Banks – Looking ahead

By now the crypto-savvy should all be aware that JP Morgan did not launch a cryptocurrency, it launched a private blockchain for its own use.

As I mentioned in the link: that was not at all surprising. What’s more, it won’t be the last such blockchain. Regardless of the dismay that Ripple fans will feel, big banks truly don’t care about crypto and would rather use their own blockchains (which they have total control of) than piggyback on somebody else’s solution.

What does this mean for crypto? Is it obsolete before it even gets off the ground?

Don’t worry. I have a

About the author: Bit Brain

A walking crypto encyclopedia. Honest, Realistic, Opinionated. Futurist, Autodidact, Polymath.