
Wells Fargo pilots internal settlement service run on distributed ledger
The internal settlement service will rely on the Wells Fargo Digital Cash, an internal stablecoin that will be pegged to the U.S. dollar.
The internal settlement service will rely on the Wells Fargo Digital Cash, an internal stablecoin that will be pegged to the U.S. dollar.
The German bank, considered to be the fifth largest in the region, becomes the latest bank to join the Interbank Information Network (IIN).
JPMorgan recently announced that it has begun to offer its own version of a cryptocurrency stablecoin, the JP Coin.
Earlier this year, Max Keiser, host of the Keiser Report and well-known broadcaster, asserted that a new world reserve currency is coming, and that it will be cryptocurrency.
JPMorgan has released a 53-page “snapshot” of the state of cryptocurrencies and blockchains. The report is a fascinating view of how the industry has progressed and where it is headed, even though the analysts seem—on a few occasions—to not completely understand the space.