JPMorgan just launched JPM Coin natively on the Canton Network which is a privacy-enabled public Layer 1.
While this brings the efficiency of 24/7 settlement it acts as a Trojan horse for total financial surveillance where banks control the "off" switch for your digital money.
We are trading the sovereignty of trustless blockchains for the convenience of the bulge bracket.
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TRADFI JUST INVADED THE PUBLIC LEDGER. 🇺🇸
JPMorgan just launched JPM Coin natively on the Canton Network which is a privacy-enabled public Layer 1.
While this brings the efficiency of 24/7 settlement it acts as a Trojan horse for total financial surveillance where banks control the "off" switch for your digital money.
We are trading the sovereignty of trustless blockchains for the convenience of the bulge bracket.