I'm sure JP Morgan's transaction fees won't be as low as Identitii's AUD 0.04 per transaction.
Let's say they charge 0.05% x value per transaction. that's around USD 1mil in fees per day.
still cheap for other banks to use with regards to the amount the banks would pay in fines.
they have been in operation since 2020. USD 200mil would be small change for them to buy ID8 over.
JP Morgan revenue is 30-40B per quarter and their net income per quarter is 10+Billion.
AIMHO, GLTAH,.
I'm sure JP Morgan's transaction fees won't be as...
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Last
1.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $4.302M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $3.686K | 368.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1781645 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 921389 | 3 |
View Market Depth
| Last trade - 11.14am 08/05/2024 (20 minute delay) ? |
| ID8 (ASX) Chart |