We show that the completed Hecke algebra of $p$-adic modular forms is isomorphic to the completed Hecke algebra of continuous $p$-adic automorphic forms for the units of the quaternion algebra ramified at $p$ and $\infty$. This gives an affirmative answer to a question posed by Serre in a 1987 letter to Tate. The proof is geometric, and lifts a mod $p$ argument due to Serre: we evaluate modular forms by identifying a quaternionic double-coset with a fiber of the Hodge–Tate period map, and extend functions off of the double-coset using fake Hasse invariants. In particular, this gives a new proof, independent of the classical Jacquet–Langlands correspondence, that Galois representations can be attached to classical and $p$-adic quaternionic eigenforms.

We present a new construction of the $p$ -adic local Langlands correspondence for $\operatorname{GL}_{2}(\mathbb{Q}_{p})$ via the patching method of Taylor–Wiles and Kisin. This construction sheds light on the relationship between the various other approaches to both the local and the global aspects of the $p$ -adic Langlands program; in particular, it gives a new proof of many cases of the second author’s local–global compatibility theorem and relaxes a hypothesis on the local mod  $p$ representation in that theorem.