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JPMorgan reportedly considers a payment token as Shiba Memu raises $2.58 million 3m ago by coinjournal.net

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JPMorgan is said to be launching a blockchain-powered token to revolutionise its global payments.

Shiba Memu takes on meme tokens with an AI application amid the hunt for new crypto use cases.

Shiba Memu could increase by up to 50x, given the historic price moves of meme cryptocurrencies.

The hunt for new solutions in a blockchain-based economy is on. JPMorgan is the latest to consider a blockchain-based deposit token for global payments. Meanwhile, Shiba Memu is bringing a new marketing perspective through blockchain. Investors have bought over $2.58 million worth of Shiba Memu in a fast-occurring presale

JPMorgan to launch a payments token

Big banks are never shy of opportunities when they knock. In its latest indication of blockchain and cryptocurrency forays, JPMorgan seeks a payment token. The latest reports indicate that the banking giant has laid the infrastructure for the new payment token. 

The bank expects to accelerate international settlements and payments with the blockchain solution. This is not the first time JPMorgan has let its blockchain and cryptocurrency pursuits known.

In June, the company said it had processed about $300 billion via JPM Coin launched in 2019. With the new token, JPMorgan expects to process instant transactions, leveraging blockchain technology. The token is also expected to reduce transaction costs by eliminating clearinghouses and counterpart banks.

JPMorgan’s continued push in crypto underlines a sector with immense and unexploited opportunities. Big banks are entering the space, which is expected to dominate future payments. Shiba Memu comes into the scene with an innovative use case that fills another unexploited opportunity.

Shiba Memu AI marketing angle

Shiba Memu enters the meme token space with its own vibe – an AI application. To put it better, Shiba Memu will leverage artificial intelligence to self-market and fight off rivals. 

AI is taking a more critical role now than ever, making Shiba Memu unique. AI lets Shiba Memu research and find the most creative ideas in marketing. Interestingly, AI can work all the time and source information far and beyond. With this capability, the team expects Shiba Memu to achieve more than 100 marketing agencies combined. 

Shiba Memu won’t keep all the marketing information to itself. Its community can interact with the AI. Users can ask the AI questions, give feedback, and get informed on marketing strategies. The engagement is one of its kind, making Shiba Memu a truly user-led platform. That means Shiba Memu won’t crave attention like its meme peers, which rely on influencers.

Is Shiba Memu a good investment?

What investors consider a good investment is quite a subjective topic. However, Shiba Memu could be suitable for investors looking for tokens that can quickly gain value. 

From past price action, meme cryptocurrencies have been the biggest earners, with split-second gains. Shiba Memu carries a similar potential when listed. It means by capitalising on initial price movements, investors can return big. 

A potential worry for most investors is the high volatility of meme cryptocurrencies. Sharp drawdowns accompany huge price gains. Although such a risk cannot be wished away for Shiba Memu, its AI angle makes it a sustainable project. Over time, the value of Shiba Memu could stabilise and deliver consistent gains to long-term investors. 

Shiba Memu presale and price prediction

Shiba Memu launched with a unique presale. The token’s price increases every day at 6 PM GMT. It means the investment increases every 24 hours for early investors. 

On price prediction, meme cryptocurrencies always surprise markets. These cryptocurrencies attract a lot of online chatter, which drives demand, suddenly pushing prices higher. Over the past months, new meme tokens have risen by up to 10,000%. This doesn’t mean that Shiba Memu will see such margins. It just shows how much potential the token carries once listed. 

Given the above, Shiba Memu could rise 10x, 20x, or even 50x when listed. The overwhelming presale suggests the likely price surge.

The post JPMorgan reportedly considers a payment token as Shiba Memu raises $2.58 million appeared first on CoinJournal.