Sunday, 26 May 2019

On March 18, 2019, IBM announced the launch of IBM Blockchain World Wire, a real-time, single unified global payments network (which integrates payment messaging, clearing and settlement) to support cross-border transactions and foreign exchange in more than 50 countries using a variety of digital assets for settlement, also known as cryptocurrencies or "stable coins."

JPMorgan Chase isn’t the only bank that has been working on a cryptocurrency. Citigroup was as well, but ultimately decided to scrap it instead of bringing it to market.

The idea of a central bank digital currency has prompted a mixed reaction among economists. This column uses a simple theoretical framework to investigate the impact of such a currency on a monopolistic banking sector.

Creamcoin Marketcap