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RE: Ethereum becoming an official challenger to Bitcoin

in #cryptocurrency7 years ago

This is just a hunch. but they may start using a Ethereum setup to get funding from Investors through JP Morgan and large hedge funds, to start building the infrastructure in their countries. Using the block chain to move provide large sums of money through smart contracts. This will provide security that is superior then traditional contracts at a cheaper cost. I can see that wire transfer fees will be one way of savings.

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There's a number of players in this particular space such as Ripple and Stellar. The JP Morgan fork is a hint that they will probably try to compete in the same way I'm guessing.