Visa, Mastercard, JPMorgan And Citi Reveal Game-Changing Crypto Plan For ‘Mass Institutional Adoption’ After Bitcoin, Ethereum And XRP Price Pump

bitcoin
bitcoin
and cryptocurrencies, including ethereum and XRP
XRP
and other major currencies, have been boosted by an earthquake on Wall Street this year (that could be blown out of the water by an "absolutely huge" Chinese bomb).

Subscribe now to Forbes Cryptoasset and Blockchain Advisor and “discover blockchain blockbusters poised for over 1000% gains” after the earthquake that halved bitcoin.

The price of bitcoin has surpassed its previous all-time high of around $70,000 per bitcoin, helping the combined ethereum, XRP and crypto market soar to around $2.5 trillion, according to one analyst. predict that former US President Donald Trump and the Federal Reserve could be about to trigger a massive bitcoin price boom.

Now, as Tesla billionaire Elon Musk issues dire warning that US dollar could be headed for collapseSome of Wall Street's largest banks have revealed that they are testing a system with Visa and Mastercard to tokenize their assets.something Citi analysts predict could become a “$5 trillion market by 2030.”

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Forbes'I'm fine with that': Donald Trump just sent the price of this tiny Bitcoin rival skyrocketingBy Billy Bambrough

JPMorgan, Citi, US Bank and Wells Fargo are among banks that will test common settlement of tokenized assets on shared ledger technology called regulated settlement network with payments giants Visa and Mastercard, as well as global financial messaging service Swift.

“This represents to me the five-yard line for mass institutional adoption,” Colin Butler, global head of institutional capital at Polygon.
Polygon
, said blocks., adding that the latest test is "incrementally more important" than previous tests, such as the onyx private blockchain and JPMorgan's unified ledger, a concept introduced by the Bank for International Settlements (BIS) last year.

The regulated settlement network called "proof of concept" is inspired by bitcoin's blockchain technology that allows maintaining a shared database without depending on a trusted third party.

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Forbes'The dollar will be worth nothing': Elon Musk issues stern Fed warning as 'stealth money printing' drives up Bitcoin, Ethereum and XRP pricesBy Billy Bambrough

“As blockchain technology continues to mature, it will be critical for public and private organizations to partner closely to explore how it can be applied to solve real-world problems and improve efficiency,” Raj Dhamodharan, executive vice president of blockchain and crypto. at Mastercard, he said in Press release.

BlackRock has called asset tokenization the "next generation for markets"
Black Rock
CEO Larry Fink, who has been leaning into bitcoin and cryptocurrencies over the past year with the launch of his successful bitcoin spot exchange-traded fund (ETF).

Earlier this year, BlackRock
BLACK
silent announced that it has already begun the second stage of its plan for a cryptocurrency-based “revolution in financial markets,” launching a tokenized private equity fund..

This month, an executive at spot bitcoin ETF issuer BlackRock Revealed sovereign wealth funds are showing interest in bitcoin and could begin trading in the coming months.