Is this the opening of the floodgates? We've long been looking at the uses of cryptocurrencies and security tokens, as regularly reported on this site. We've also commented on the mixture of fear and envy demonstrated by mainstream finance when it looks at the crypto world. It's common knowledge that the big banks have been developing their own cryptocurrency technology while maintaining a public attitude of scepticism.Well, JP Morgan has broken ranks. See the BBC story below. Will this be the first investment-bank cryptocurrency among many?"US investment bank JP Morgan has created a crypto-currency to help settle payments between clients in its wholesale payments business.JPM Coin is the first digital currency to be backed by a major US bank.The crypto-currency, which runs on blockchain technology, has been used successfully to move money between the bank and a client account.JP Morgan says it sees potential in using digital coins to reduce risk and enable instant transfers.Although JP Morgan's chief executive Jamie Dimon has publicly criticised Bitcoin - the first crypto-currency in existence - on several occasions, the bank says it has always 'believed in the potential of blockchain technology'."We'll update you on our own plans for tokenisation at a later date.
New Loan Offers Expected On Site SoonMoney&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). That figure is the result of almostREAD MORE
Hello. The new year is in, and we welcome 2019 with renewed emphasis on Money&Co.'s just-launched Portfolio Innovative Finance Individual Savings Account, which is managed by Bramdean Asset Management (an FCA-regulated fund management business).This service has already attracted significant volumes of business (in the final quarter of 2018) – and the prospects look excellent, as savers and investors wake up to the advantages of its offering.Consider, if you will, the alternatives on offer – the figures below are from HMRC's published data for the tax year to April 2108.