JPM Coin, the JP Morgan coin

[JRoa]

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."

It is surprising because Jp morgan are now planning to create his own coin. I thought that he is a hater of the cryptocurrencies but now it seems that he is now a supporter because of his plan to create a new cryptocurrency.

[ice18]

So the humor is real that most of the banks today including most largest banks in the world are creating their own blockchain and digital payments and now this news about JPM coins is the reality so many good news happening in crypto lately even Apple has on the move in some new SEC filing wow this is it the world is waking up hang on more surprises in cryto world will come this year.

[Caladonian]

So the humor is real that most of the banks today including most largest banks in the world are creating their own blockchain and digital payments and now this news about JPM coins is the reality so many good news happening in crypto lately even Apple has on the move in some new SEC filing wow this is it the world is waking up hang on more surprises in cryto world will come this year.

Yeah right, this news already gaining lots of interesting impact inside the crypto community, as we are seeing potentials that it will create more real
usage if banks will integrate the system to their current one, though there's still doubts that they can easily manipulated everything but still there's
good thing that can happen if many people will be reached out.

Looking for the best results after this news about banking system to support crypto industry.

[kenzawak]

https://twitter.com/WeissRatings/status/1096451613768716288

"People compare #XRP to #JPM Coin. They miss the point. JPM Coin is an IOU, XRP is not. XRP competes with #SWIFT as a settlement layer, JPM Coin is built on top of it. XRP can be decentralized, #JPMCoin can't."

[$anounimus$]

So the humor is real that most of the banks today including most largest banks in the world are creating their own blockchain and digital payments and now this news about JPM coins is the reality so many good news happening in crypto lately even Apple has on the move in some new SEC filing wow this is it the world is waking up hang on more surprises in cryto world will come this year.

I think a lot of people respond to it that way, they make the price movements rise and fall in prices as they please without seeing the situation and without thinking of traders who are trapped a lot in their ways will make many traders lose.

[BitTraderCute]

So the humor is real that most of the banks today including most largest banks in the world are creating their own blockchain and digital payments and now this news about JPM coins is the reality so many good news happening in crypto lately even Apple has on the move in some new SEC filing wow this is it the world is waking up hang on more surprises in cryto world will come this year.

I think a lot of people respond to it that way, they make the price movements rise and fall in prices as they please without seeing the situation and without thinking of traders who are trapped a lot in their ways will make many traders lose.

i think jp morgan will make cryptocurrency market being interested anymore.jp morgan coins will create hype and make large investors do the same thing with them.i am sure SEC will be influenced too with this JP Morgan action.

[setialovers]

So the humor is real that most of the banks today including most largest banks in the world are creating their own blockchain and digital payments and now this news about JPM coins is the reality so many good news happening in crypto lately even Apple has on the move in some new SEC filing wow this is it the world is waking up hang on more surprises in cryto world will come this year.

I think a lot of people respond to it that way, they make the price movements rise and fall in prices as they please without seeing the situation and without thinking of traders who are trapped a lot in their ways will make many traders lose.

i think jp morgan will make cryptocurrency market being interested anymore.jp morgan coins will create hype and make large investors do the same thing with them.i am sure SEC will be influenced too with this JP Morgan action.

JP Morgan will attact more big investor to invest in market. If our current economic system accept bitcoin or others crypto, the price must be increase and demand will rising

[binhvo1505]

 JPM coin is really heating up the crypto market. It really makes me very curious about the future as well as how it attracts a large community. JPM is truly a great altcoin because it comes from a real-life big business and it will be a big rival to XRP.

[Aligab166]

Things like this may have a negative impact on the price of the current top coins especially Bitcoin as it will create a rivalry between them. If every institutions has its own crypto, Bitcoin will be pushed backward.

[gabmen]

So the humor is real that most of the banks today including most largest banks in the world are creating their own blockchain and digital payments and now this news about JPM coins is the reality so many good news happening in crypto lately even Apple has on the move in some new SEC filing wow this is it the world is waking up hang on more surprises in cryto world will come this year.

I think a lot of people respond to it that way, they make the price movements rise and fall in prices as they please without seeing the situation and without thinking of traders who are trapped a lot in their ways will make many traders lose.

i think jp morgan will make cryptocurrency market being interested anymore.jp morgan coins will create hype and make large investors do the same thing with them.i am sure SEC will be influenced too with this JP Morgan action.

Probably. Since unlike ripple, this coin actually carries the name of a big bank. And yeah jp morgan isn't the first to this. It's just funny that after everything jaime dimon blabbered about crypto in the past, here he is with his very own crypto coin 😂

[ecnalubma]

Ripple could be the one that will be affected by this JPMcoin since ripple targets banks first, now they could have a serious competition. But a threat to Bitcoin might be impossible. Its very clear that JPmorgan group is serious about cryptocurrency and their attacks thru Bitcoin and Crypto will weaken their credibility.

[JohnBitCo]

So, this is an another centralized shit coin?

How funny to think that this JP Morgan do really opposes Bitcoin and now tending to make his own.He might gain some traction but wont really be that high compared to Ripple.

JP Morgan intentions seems to be greedy one. There is no project behind this coin and it is only JP who wanted to get benefit by creating and then selling this shit coin. We cannot compare it with XRP, because Ripple is very much established coin and it has lot of banking partnerships.