JPMorgan Says Blockchain’s Impact Looks to be Marginal

A new report by JPMorgan says they don’t believe blockchain technology will be transformative for the global payments system and will only make marginal improvements; the bank says the payments systems is already digital and that regulators won’t accept a blockchain powered payments system; “Blockchain solutions making a meaningful difference for banks are at least three to five years away,” JPMorgan report said as reported by Business Insider; according to the bank the area where blockchain holds the biggest potential is in trade finance and back office systems for banks. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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