Last Monday, Jamie Dimon, CEO of JP Morgan, posted a public letter to shareholders that, among other core principles, outlined the benefit of blockchain and emerging financial technology. The global investment firm uses a shared ledger system to solve traditional cross-border payments problems and allows companies to transfer US dollars held on deposit with JP Morgan as crypto. Emerging BankingMany other financial firms and services have adopted blockchain, cryptocurrency, and NFT solutions to stay competitive as alternative financial technologies emerge. According to industry estimates, the value of immersive gaming platforms will reach $400 billion USD by 2025, with Metaverse solutions generating up to $1 trillion in value. Last month, the global financial group Visa introduced its NFT creator programme to facilitate small business transitions to a digital economy.

Source: Libya Today April 11, 2022 13:17 UTC