Apple Pay Could be Worth $190 billion by 2022

Notably, Morgan Stanley’s analysts think Apple Pay has “the best consumer penetration” among digital wallets on the market, Apple Insider reports. In addition, Morgan Stanley calls Apple Pay “the clear leader among app/phone-based digital wallets.”

Read more

Your Next Bank could be a Blockchain

Moreover big financial institutions including Banco Santander (NYSE: SAN), JPMorgan Chase (NYSE: JPM), BNY Mellon (NYSE: BK), and Goldman Sachs (NYSE: GS) are researching or developing cryptocurrencies. Finally, even Facebook (NASDAQ: FB) is setting up an entity that looks like a bank, the Libra Association, to operate its proposed Libra cryptocurrency.

Read more

Is a Goldman Sachs Cryptocurrency Coming?

Thus, a stablecoin is a lot like a bond or a checking account. Two instruments that Goldman Sachs is very familiar with. Notably, Goldman Coins could use a stablecoin to make US Dollar payments to account holders in other countries. Theoretically, stablecoin payment could be faster, cheaper, more secure, and easier than traditional wire transfers.

Read more

Will the JPMorgan Chase Cryptocurrency have any Value?

I think Chase wants to create a cryptocurrency that users could cash out through one of its many automatic teller machines (ATMs). Impressively, users can now get cash and even make pay credit card payments at Chase ATMs.
Moreover, an obvious use of JPM Coin will be to send money to ATMs in other countries or get cash from foreign ATMs.

Read more

Equilibrium Labs Launches To Enhance Price-Pegged Stablecoin Algorithms For The Crypto Market

The proposed algorithm has many advantages. It creates a virtual decentralized “bank” for stablecoins, and participants will be able to buy shares of its income (as a stake) and make a profit from commissions. The institution will also be able to buy back the depreciated stablecoins from third-party exchanges. This approach is excellent for combating the hyperinflation and high interest rates we so often see in the crypto market.

Read more

Does the CLAMS Proof-of-Chain Cryptocurrency have any Value?

The CLAMS (CLAM) proof-of-chain cryptocurrency solves an interesting problem–determining if altcoins really operate on blockchain. To explain, there are allegations that

Read more

There is nothing original about Facebook’s Project Libra

The organization that will administer Libra, the Libra Association, looks like a central bank

To explain, a central bank issues currency, backs currency with a reserve, and regulates and administers the ecosystem that distributes the currency. Beyond that a central bank acts a a bank for other banks. I think the Libra Association looks like a Central Bank for global electronic payments systems like Visa and PayPal.

Read more

Who is behind Project Libra and is it a Global Central Bank?

I conclude that the Libra Project is a separate organization from Facebook. Instead of running Libra, Facebook merely participates in it. Why would Facebook set up a separate company for its digital wallet if it controlled Libra?

Read more

Can Emanate Make Money from a Music Cryptocurrency?

Theoretically, a smart contract will automatically perform actions such as payment. Thus, smart contracts will control all transactions on Emanate. The hope is that the smart contracts will automatically pay performers the royalties. Plus, smart contracts could theoretically protect creators’ ownership rights.

Read more