Chase CEO Jamie Dimon said that the bank processes 16 trillion dollars every day and all have to go through systems such as AML and OFAC so they always use the latest technology to transact cheaper and faster. He said they would apply this method to tokenization and stablecoin and affirmed that "blockchain is real"
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Shark Tank Kevin O'Leary: The US government is conducting the Clarity Act to build infrastructure for crypto and clarify the legal framework on how companies invest and create tokens, which is a very good thing. However, there are thousands of "poo poo coins" on the market, which means trash coins. Some coins may have real applications but they will never attract serious cash flow like from large funds such as pension funds. Data shows that if you believe in the crypto market and want to allocate capital, you only need Bitcoin and Ethereum to have about 90% of the potential growth, other coins are almost meaningless in terms of investment. If in the past 8 weeks you have only held BTC and ETH, you have had better results than almost any other asset in the crypto market. Bitcoin and Ethereum do not need marketing while other coins have to do everything to promote. Large organizations will only hold BTC and ETH.
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🇺🇸 SEC CHAIRMAN PAUL ATKINS: TOKENIZATION WILL BE THE FUTURE OF FINANCE 🔸 Tokenization means putting assets such as stocks on the blockchain in the form of tokens to make it more transparent because businesses can know exactly who is holding their shares. 🔸 Blockchain can shorten the payment time from T plus 1 to T equal to zero to help reduce risk and make the market safer faster. 🔸 Major banks and brokerage firms have begun to move to tokenization and Chairman Atkins said that the entire financial system could change in just the next few years. 🔸 He said that the SEC used to hinder innovation, but at that time, the United States wanted to apply blockchain to keep the leading position.
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