Is JPM Preparing To Unveil Its Own Electronic Currency?


qcoinZero Hedge: “If you can’t beat ’em, join ’em, copy ’em, and then beat ’em. While everyone’s attention has been glued to Bitcoin (and its various smaller and less viable for now alternative digital currencies), JPMorgan has submitted a patent which appears to set the scene for a competing centralized network to Bitcoin. As LetsTalkBitcoin noted first, the “Method and system for processing internet payments using the electronic funds transfer network,” states that Chase’s technology is a “new paradigm.” Moreover that it permits the creation of “virtual cash” (also referred to as “web cash”) with a “real-time digital exchange of value.”

Imagine paying for some product in a transaction directly with the seller that doesn’t include a costly third-party fee or the revelation of a personal account number — the current components that comprise credit card and debit card purchases. Imagine this system with a “real-time digital exchange of value.” And imagine that you can archive all the transactions in a personal digital wallet, with its own “Internet Pay Anyone (IPA)” account and inherent safeguards built-in, something that you could call “Virtual Private Lockbox (VPL),” according to JPMorgan’s patent.”

Opinion: The world is racing toward a global system of government and a global currency, though the Bible doesn’t mention either by name. Careful examination of Scripture, however, does provide ample evidence to enable us to draw the conclusion  that both will exist under the rule of the Antichrist in the last days:

Revelation 13:1  The Apostle John sees the “beast,” also called the Antichrist, rising out of the sea (entire human race) having seven heads (kings) and ten horns (regions of the revived Roman Empire).

Daniel 7:16-24 A world system will be inaugurated by the “beast”.

Revelation 13:3-7  The beast will be worshiped by the world and have authority over governments.

Revelation 13:16-17 A satanic mark will be required to buy and sell.

China has not been shy in calling for a de-Americanized world and buying large quantities of gold to build global confidence in the renminbi.

Whether the next reserve currency is the renminbi,  a manufactured digital currency, or a basket of existing currencies, is not clear, but global powers have been searching for an alternative to the falling US dollar since the 2008-9 financial crisis began.