JPMorgan Launches JPM Coin: Welcome to the Private Currency Era

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