Digital Currencies Could Threaten US Geopolitical Power, Warns JPMorgan

in hive-116221 •  5 years ago 

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"There is no country with more to lose from the disruptive potential of digital currency than the United States."

So goes the stark warning from analysts at the U.S.' largest bank, JPMorgan Chase, in a new report covered by Bloomberg News on May 22.

While the analysts do not anticipate the dollar losing its status as global reserve currency anytime soon, they pointed to some of the weaker links in the currency's dominance — including in trade settlement and the SWIFT messaging system.


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