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Oct 28, 2020

Today on the Brief:

  • Stocks down; bitcoin up
  • Consumer confidence shaky as baking supplies demand grows 3,400%
  • Bank for International Settlements and Swiss central bank to test CBDC this year

Our main discussion: JPM Coin. 

Initially announced in February 2019, JPMorgan’s JPM Coin is being launched for commercial use. In this episode, NLW looks at:

  • The history of private currencies in the U.S.
  • Why Libra was a starting gun for both governments and other private corporations
  • How JPMorgan intends to make money from JPM Coin
  • Why other investment banks might follow