Christine Lagarde Pits Circle Against JPMorgan in IMF Debate
Decentralized systems are coming for the banks, argued Circle CEO Jeremy Allaire, in a panel Wednesday at the International Monetary Fund.
The JPMorgan subsidiary has agreed to repay most of $2.5 million it took in credit card fees for cryptocurrency purchases.
The bank had allegedly charged the plaintiff over $160 in fees and interest for regularly purchasing cryptocurrencies with his credit card.
Liink wants its 400-plus financial institutions (including 25 of the largest 50 banks) to start building on top of the platform.
JPMorgan Chase has filed a patent and is testing a blockchain system for tracking the automobile inventory it finances for car dealers.
JPMorgan has developed a new privacy feature for ethereum-based blockchains that hides both the sender and the amount in a transaction.