Jambo
Financial Services - San Francisco, California, United States
Jambo Employees
Jambo Senior Management
Jambo Details
We believe the largest obstacle to the mass adoption of cryptocurrencies is price volatility.Cryptocurrencies, unlike fiat currencies, do not have a central bank to implement monetarypolicy focused on stabilizing purchasing power. Thus, changes in demand induce massive pricefluctuations. The decentralized model to price discovery has made the majority of existingcryptocurrencies nothing more than stocks or commodities, valued on psychology, traded onunregulated stock markets, and susceptible to manipulation. The lack of price stability hasprevented credit and debt markets from forming because volatility incurs a premium. While therest of the industry focuses on transaction throughput and smart contracts, we focus on solvingprice stability to realize the economic capabilities that the blockchain enables.
