JPMorgan, one of the largest financial institutions in the world, develops its own crypto currency network. Many big banks, trillion dollars asset managers, even Chinese banks, even Ethereum $2,610.53 JPM follows a different strategy while working on the network.
Chainlink and jpmorgan
Public blockchains crypto currency They are the environments where tokens are also available as networks. JPM does not do this and creates a closed network. This Blockchain, which can only be used by customers, is also supported by the leading companies in the crypto. Today’s big move is Chainlink 
$17.10 and with the support of Onddo Finance, it was related to the process performed through the first public book.
The company’s blockchain section Kinexys has made its first transaction to purchase bonds to your tokens on Onddo’s public network. Following JPM’s tests in its closed blockchain, it was the first publicly open process.
Chainlink, a communication protocol that enabled the information from outside to perform an closed network transaction, supported. This is essentially one of the promising developments that Chainlink’s blockchain services offered to institutions will come and the future of LINK Coin.
Chainlink“This is the beginning of a big thing, Sen said Sergey Nazarov, the founding partner of the founding partner, signaled that we will see much more in the future.
Regulatory clarity and crypto
The basis of JPMorgan’s distance approach to crypto currencies was the regulation concerns that have been going on for years. The Biden management turned the lack of regulation into an opportunity to drown crypto companies, and ultimately companies had to stay behind. Because they had the possibility of a fine of billions of dollars tomorrow, and this was not a risk that could be taken into consideration.
However, with the Trump administration, the punishment of companies that do business -related businesses with crypto currencies ended. In return, we have seen that many companies have announced their projects and goals in the field of crypto. JPM He was the last of these.
Morgan Stanley’s E*Trade aims to provide crypto services to its customers and Fidelity is working on her own stablecoini. Blackrock stake -supported Ether Schwab announced this year that he would start crypto currency services.
In the near future, comprehensive initiatives can be initiated for a new crypto -based payment infrastructure and more, in which all major banks can use for joint communication.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
