Welcome to the March Crypto Outlook with Contentworks, an agency specialising in content marketing for financial services, crypto and blockchain. February was a great month for cryptocurrencies with Bitcoin and Ethereum gaining by more than 20%. This happened after JP Morgan said that it will be launching its own cryptocurrency. The goal of the currency will be to make it easier for the bank to do international cash transfers. Every day, the bank makes transfers worth more than $6 trillion. This news was followed by another positive news from the oil market. During the International Petroleum Week (IPW), it was announced that the major oil companies had signed up for Vakt, a new blockchain product intended to make it easier to trade in the oil market. At the same time, it was reported that other commodities trading companies like Bunge and Cargill were preparing to launch their own blockchain product. In December, it was reported that Facebook too was preparing to release its own stablecoin, which will help it monetize Whatsapp.

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