“Without mentioning Bitcoin or cryptocurrencies at all for that matter, Chase appears to be building a competing centralized network to Bitcoin. The application defines the problems that legacy banking has with online transactions and then provides a detailed explanation how Chase will address these problems with this new technology. The application states that Chase’s technology is a ‘new paradigm.’ Moreover that it permits the creation of ‘virtual cash’ (also referred to as ‘web cash’) with a ‘real-time digital exchange of value.’ Chase’s updated Internet Pay Anyone technology appears to come head to head with Bitcoin.”
http://letstalkbitcoin.com/jpmorgan-chase-building-bitcoin-killer/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
The Terrifying Future of The United States
Obama's Washington Monument Syndrome
History Repeats: CIA Files Reveal US Aided Saddam’s Chemical Attacks
War Under Table: Ex-Blackwater mercs in Syria 'backed by US'
FBI proves seizing bitcoins isn’t the same as owning them
Cop Punches Restrained Man In Testicles, Another Has Foot On His Head
Slovenia 'Clarifies' Position on Cryptocurrency Tax
U.S. Navy Petty Officer arrested in California for pimping 17-year-old girl
Navy Uses US Citizens as Pawns in Domestic War Games
Indian jewellers join government's gold bar and coin ban
JP Morgan Admits That "QE Will Offset Almost All Of Next Year’s Government Deficit"
Gold Is the Most Hated Investment You Might Want to Love
CISA Security Bill: An F for Security But an A+ for Spying
It Is Illegal To Feed The Homeless In Cities All Over The United States
The Decline of the Petrodollar