So what does this mean? Well, in short, it’s a great day for automation. Companies who use the JPM Coin can program automatic payments based on the parameters they choose.
Examples (given by JP Morgan) of why you would want to do that include earning more income on interest-generating deposits, eliminating the need for standing orders, and automatically shifting funds to cover margin calls.
USA: Why the CFPB Proposal for Big Techs May Affect the Entire IndustryAfter issuing a major report smacking Apple Pay and buffeting Google Pay the Consumer Financial Protection Bureau has followed up two months later with a proposal to subject the top 17 digital payment tech firms to examinations — even on-site visits by bureau teams.
Isabelle is a journalist for Fintech Nexus News and leads the Fintech Coffee Break podcast.
Isabelle's interest in fintech comes from a yearning to understand society's rapid digitalization and its potential, a topic she has often addressed during her academic pursuits and journalistic career.