JPM Coin has dominated discussions about business applications of blockchain over the last two weeks, but my prediction is that we will be hearing more about crypto activity at other, smaller banks around the world this year. I’m told that a handful of banks in developing countries are working on their own versions of a stablecoin backed by the local currency, which could be a useful way for people in those countries without bank accounts to transact online.
Below, we dive deeper into some positive news for JPM Coin’s competitor—XRP, the token created by Ripple, was just listed by Coinbase—as well as more details about a16z crypto’s famous $300 million fundraising. Also, if this newsletter sparks joy, please share it with your friends and let them know they can sign up here to get $100 off the price of a subscription to The Information.
