JPM Coin, the JP Morgan coin

[Commitments]

I don't care about JP morgan coin, I like investing my money at bitcoin or altcoin without take risk with new coin without have potential and working with bitcoin or altcoin, maybe become lower price and difficult for listing at exchange market.

[sowiteam]

https://twitter.com/Nouriel/status/1096128231038746625

https://i.imgur.com/5SKfRgV.png

THEY TRY TO KEEP CONTROL MATE ...... THEY TRY ...... COMMUNITY WILL MAKE IT OVER TIME .... DECENTRALIZATION WILL BE ADOPTED WHEN MASSES WILL UNDERSTAND THE FACTS
By launching their own JPM coin they just reinforce the fact technology reached the righ points .....

Giving people time to learn ..... My guess is decentralization will take over giving it the time

[MetalGear]

https://www.coindesk.com/jpmorgan-moving-its-in-house-crypto-to-real-world-trials-report

"Called JPM Coin, the token has been developed by engineers at the bank, according to a report from CNBC on Thursday, and is moving to real world trials in “a few months”

For the effort, JPM Coin will be used to settle a small portion of its transactions between clients of its wholesale payments business in real time, CNBC says. The bank moves over $6 trillion daily as part of that business, it adds.

Speaking to the news source, Umar Farooq, JPMorgan’s blockchain lead, posited three main use cases for the bank token, including replacing wire transfers for international payments by large corporate clients and cutting settlement times from days to just moments.

It could also be used to provide instant settlement for securities issuances, as well as to replace U.S. dollars at held internatinally by subsidiaries of major corporations using JPMorgan’s treasury services."

JPM coin or also JP morgan coin are one of the hot topic today. We do not know if this coins will bring us good income or good future. Do you think this coin will have great potential in the future if this coin have potential I will invest my money.

[onrise]

I don't care about JP morgan coin, I like investing my money at bitcoin or altcoin without take risk with new coin without have potential and working with bitcoin or altcoin, maybe become lower price and difficult for listing at exchange market.

This actually might boost the crypto currency as even JPM believe in this technology and wants to take benefit of it . This would also make other companies think about it or else they can directly start using Btc on the platform instead of creating new coin for them self .

[BestSSS]

JP Morgan create their token and fuck they need a ripple for banking.

retail investors will probably never get a JPM coin. Unlike bitcoins, tokens can only be used by large institutional JP Morgan clients that have passed regulatory checks, such as corporations, banks and brokers-dealers.
"The future we deserve"?

[gulubal]

https://www.coindesk.com/jpmorgan-moving-its-in-house-crypto-to-real-world-trials-report

"Called JPM Coin, the token has been developed by engineers at the bank, according to a report from CNBC on Thursday, and is moving to real world trials in “a few months”

For the effort, JPM Coin will be used to settle a small portion of its transactions between clients of its wholesale payments business in real time, CNBC says. The bank moves over $6 trillion daily as part of that business, it adds.

Speaking to the news source, Umar Farooq, JPMorgan’s blockchain lead, posited three main use cases for the bank token, including replacing wire transfers for international payments by large corporate clients and cutting settlement times from days to just moments.

It could also be used to provide instant settlement for securities issuances, as well as to replace U.S. dollars at held internatinally by subsidiaries of major corporations using JPMorgan’s treasury services."

JPMorgan, as far as I know, has waged war on cryptocurrency. He said it was unreliable. it was saying nonsense. I wonder what happened now? Obviously, he wants to get a share of this cake. Obviously this is not honesty, but a positive move for the market.

[el kaka22]

Who moves 6 trillion dollars daily, doesn't that raise any red flags to people. This is exactly what we are fighting against, bitcoin is exactly why these type of companies exist. We would like to move our own money and be our own bank without giving the rights of 6 trillion dollars to places like JP Morgan. They may go into blockchain more and get more use out of it but no matter what bitcoin should be anti-bank at all times.

Banks are the reason why we created bitcoin and banks should be the reason why it prevails in the long term. Check out how much that 6 trillion dollars profited them and you will find out that they profit more than the initial investors themselves. Would blockchain help them save money from transactions? Yes. But will the end user take advantage of that profit ? I absolutely don't think so.

[Crypdon]

Doesn't matter this JPM coin nonsense. It is no competitor bitcoin or altcoins, it is only going to compete with ripple and that isn't even a crypto currency. It brings exposure and that is always good

[BitHodler]

Doesn't matter this JPM coin nonsense. It is no competitor bitcoin or altcoins, it is only going to compete with ripple and that isn't even a crypto currency. It brings exposure and that is always good

It's not even going to compete with Ripple. Most of Ripple's partnerships are outside the US, and let that be where most of their growth comes from, and this will continue to be the case.

It's more of an internal token than something that they want to deploy at a much larger scale, but then again, that's what I understand from everything I read about it thus far.

Maybe that JPM will change plans and still target a much wider area. In that case it could be a competitor to Ripple, but not more than that. I don't like XRP, but the company itself is doing extremely well.

[HabBear]

This JPM Coin is just another example of "the bank" insisting to be a middle man for every single transaction. Only now (ten years later) the bank is starting to realize that their transaction system is antiquated and cryptocurrency is the future.

The only silver lining is that JP Morgan creating their own crypto token PROVES that cryptocurrency and blockchain-for-transactions is real, and valuable, and the future.

This Project is winning, hang in there all!

[andika2018]

https://www.coindesk.com/jpmorgan-moving-its-in-house-crypto-to-real-world-trials-report

"Called JPM Coin, the token has been developed by engineers at the bank, according to a report from CNBC on Thursday, and is moving to real world trials in “a few months”

For the effort, JPM Coin will be used to settle a small portion of its transactions between clients of its wholesale payments business in real time, CNBC says. The bank moves over $6 trillion daily as part of that business, it adds.

Speaking to the news source, Umar Farooq, JPMorgan’s blockchain lead, posited three main use cases for the bank token, including replacing wire transfers for international payments by large corporate clients and cutting settlement times from days to just moments.

It could also be used to provide instant settlement for securities issuances, as well as to replace U.S. dollars at held internatinally by subsidiaries of major corporations using JPMorgan’s treasury services."

JPMorgan, as far as I know, has waged war on cryptocurrency. He said it was unreliable. it was saying nonsense. I wonder what happened now? Obviously, he wants to get a share of this cake. Obviously this is not honesty, but a positive move for the market.

When JP Morgan CEO said cryptocurrency is unreliable, i am thinking they just want make FUD on market and make people panic. They want to take advantages on this panic people and buying bitcoin at cheap price. Right now they want to issue their own coin but i think this is good for cryptomarket because cryptocurrency already recognized by big financial institution

[n0ne]

JPM coin gets good reputation among the public who wish to have a stable coin. As the experts predicted it is a tool to keep away public from decentralization. JPM was given an outlook as if it is a decentralized coin. It is completely centralized, and has got their own blockchain which is is restricted to private and not a public one. This will let more people know about cryptocurrency and the same seems to add value to bitcoin and other cryptocurrencies which have already gained good reputation.

[Sadlife]

If i read it correctly this JPM coin will be a shitcoin but it's good news and will actually benefit the bitcoin and altcoin ecosystem and it will serve as an advertisement for crypto currencies.
In the future institutional, bankers or average joe's will recognize crypto as an asset to rely on their money and it is now easily and convenient to invest in it.

[rosmerius]

There are many pros and cons about JPM, if indeed it has positive potential, JPM can quickly introduce crypto to the public so investors can trust it and crypto will have an increase in value and function. At least the JPM step is able to provide a good attraction for the community.

[TheClownSong]

There are many pros and cons about JPM, if indeed it has positive potential, JPM can quickly introduce crypto to the public so investors can trust it and crypto will have an increase in value and function. At least the JPM step is able to provide a good attraction for the community.

This JP Morgan step give confident to investor. FInancial Institution will come market and investing their money. Its good for community in this bear market and people who lossing hope will have it again. I am believe this JP Morgan step will followed by others institution and make crypto rising again in near future

[BoxerRobert]

Wow sounds good .when 2014 JP Morgan said Bitcoin is scam now he introduced won coin its really awesome move in crypto.

[strunberg]

There are many pros and cons about JPM, if indeed it has positive potential, JPM can quickly introduce crypto to the public so investors can trust it and crypto will have an increase in value and function. At least the JPM step is able to provide a good attraction for the community.

This JP Morgan step give confident to investor. FInancial Institution will come market and investing their money. Its good for community in this bear market and people who lossing hope will have it again. I am believe this JP Morgan step will followed by others institution and make crypto rising again in near future

blockchain technology will have several version now.and by this JP Morgan participating it will create new demand in cryptocurrency.investors that previously didnt interested maybe they will put some of their money due to JP Morgan reputation in finance industry

[niteroy]

Maybe a new JP Morgan coin will have a positive effect on the crypto market? Perhaps many people who are skeptical of cryptocurrencies will see that even large banks are looking in the direction of cryptocurrencies and this will trigger an increase in interest in cryptocurrencies.

[munareal]

Bitcoin enemies today will become its greatest friends in the future. JPM coin is not totally decentralized but will create awareness  of cryptocurrencies to the mainstream.

[Bitfling]

There are many pros and cons about JPM, if indeed it has positive potential, JPM can quickly introduce crypto to the public so investors can trust it and crypto will have an increase in value and function. At least the JPM step is able to provide a good attraction for the community.

This JP Morgan step give confident to investor. FInancial Institution will come market and investing their money. Its good for community in this bear market and people who lossing hope will have it again. I am believe this JP Morgan step will followed by others institution and make crypto rising again in near future

blockchain technology will have several version now.and by this JP Morgan participating it will create new demand in cryptocurrency.investors that previously didnt interested maybe they will put some of their money due to JP Morgan reputation in finance industry

JP Morgan will attract more investor to invest in cryptomarket. I am agree that JP Morgan is reputable investment banking and it will close us to regulation from government. If this happen, recovery of bitcoin price and market cap value just the matter of time