Comments by "Frederick Miles" (@frederickmiles8815) on "Is Apple A Threat to Banks?" video.

While at JPM it was well known their biggest fear was that their largest tech clients evolving into banks - offering retail products (issuing bank) as well as wholesale merchant services (acquiring bank) and treasury products. JPM has no near peer - outside of their top clients.
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@idanceforpennies281 How do you think owns the Fed? CBDC is for repo's then retail. For context there is over 300 tril USD denominated debt globally, and over 85% of all transactions are in USD. The move from USD is due to scarcity - USD is destroying currencies and therefore like a man trapped atop a burning building (of debt) more and more countries are jumping out the window, but it wont save them or us.
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@normansimonsen1203 Not there any more couldnt tell you, I did work on ETH blockchain (onyx), payment processing, and treasuries (as well as supporting data science folk).
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