Cryptocurrencies & Traditional Banks
Notes on the 21st Century (CBRI), 2019
9 Pages Posted: 6 Mar 2019
Date Written: February 15, 2019
This discussion paper considers whether the relationship between cryptocurrencies and the traditional banking system need be as segregated or antagonistic, and whether in fact traditional banks may deploy blockchain-based coins of their own. Citing the recent release of JP Morgan’s JPM Coin, the paper argues that there is in fact room for a degree synergy or complementarity between the traditional banking system and the comparatively novel asset class of cryptocurrencies.
Keywords: Bitcoin, JP Morgan, Blockchain, Cryptocurrency, Banking System
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