Tuesday, June 02, 2015

"The Country Club" takes on a financial dimension.

When is the USA going to institute the "Financial Transaction Tax?" It will help carry the burden of tax deductions from failed financial instruments.

The 2P2 network is translated as "Peer to Peer." It is a country club. It will accelerate the use of financial instruments. The tax on the transactions has to go forward. 

I hope Jamie Dimon has ascertained whether or not the SEC considers it legal. Morgan is an international institution. Now, Morgan has a closed network for it's use as it will. 

Anytime there is something new added to the financial world it is wildly popular at the beginning until the legal venues of countries begin to weigh in. I hope the network is as successful as it was designed to be along exclusive fiber optic networks lying on the sea floor. The problem begins for Morgan to keep the network viable in the face of impending competition. 

Are there new materials that are faster and better than the current fiberoptic material? Ah, yes, the future of exploited knowledge and the internet hacker. How often does Morgan have to change the encryption in order to maintain it's security? The future of computers is servicing computers faster than a hacker can make progress.

I long for the day when a deposit slip has more brevity than expedient use of time. The future of unemployment is to let the internet work and become too financially dangerous to use in replacement of the human being.

While "Anonymous" sits in prison in the USA, China has built a department for their employment. Hello? US Generals are waiting.

June 2, 2015
By PYMNTS (This is a Twitter cite. You believe this mess? The electronic author.)

JPMorgan Chase (click here) has officially made its way onto the clearXchange payments network, a multi-bank P2P transfer network — a group that Chase helped form four years ago.

The other owner-members of the clearXchange digital payments network include U.S. Bank, Wells Fargo, Bank of America and Capital One. But by having Chase go live on the network, it now brings in a larger chunk of payment consumers onto the network, according to a report on the news from Payments Source. But despite the four years it took Chase to actually launch with clearXchange, Mike Kennedy, CEO of clearXchange, said in an interview that the company has backed the network since its inception. He also noted that Chase will add its 38 million online banking customers and 20 million mobile banking customers to the network.

“They’ve always been supportive of the network. They’ve attended all of the board meetings and advisory meetings,” he said. “Chase’s addition will benefit us both for our historical P2P product and newer products that we launched last year and going forward.”

And Chase’s addition also marks an important step for the network....