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Author Topic: JP Morgan’s new digital ‘coin’ is not a cryptocurrency, or even a stablecoin  (Read 453 times)
RivAngE
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February 28, 2019, 11:07:58 PM
 #41

It is not a "coin" , that is what the whole topic is about, I don't know if people are commenting without reading but its not a coin, it is not even a token. It is just blockchain system that is built to transfer money around easily.

I mean it is great way to utilize blockchain and I kind of understand why, not like they were sending money in big money trucks before but now we at least know that blockchain is much better technology than whatever other digital system they used until now.

IT department probably came up with this and they showed how it would be cheaper and easier to transfer money around and gave a projection of how much they could save and considering it is insanely cheap it was some big number so the head of the company realized they could profit from this move and gave the green light.

An IT specialist must have invested Bitcoin.
The atrocity called "JPcoin" was invested from a marketing department most likely! Cheesy That shouldn't even be called a cryptocurrency.
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