Digital assets are 'here to stay,' and they look like Napster in the 90s, claimed Onyx's CEO Umar Farooq.
that digital assets are not a temporary trend that is going away. He is just not aware in what shape or form they will exist in the near future.
“And then 20 years later, you have Apple Music and Spotify. I don’t think we would have gotten here without Napster. We are sitting in the Napster age. We just don’t know what Spotify looks like.” “Bitcoin has been around for a little more than a decade now. The first few years was literally just, you know, kind of rolling along slowly, then things started to catch up.”Nearly two years ago, the US multinational bank said it would roll out a digital payments system called JPM Coin, while the blockchain unit controlling the project is the aforementioned Onyx.a test of JPMorgan’s digital currency. This was the first trial of its kind for the blockchain product in that part of the world.
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