JPMorgan Launches JPM Coin, World’s First Bank to Launch Cryptocurrency

[keyscore44]

Maybe not so fast JPMorgan will create this coin..



I don't know what kind of patent have Dr Craig S Wright, but this story is taking on more colours 

[jack107]

Everyone will talk smack until they see its success and fear falling behind. I don't love seeing a centralized coin but I also think it will push forward conversation of crypto among baby boomers

[mindrust]

Maybe not so fast JPMorgan will create this coin..

https://i.imgur.com/fBUkniS.jpg

I don't know what kind of patent have Dr Craig S Wright, but this story is taking on more colours 

Fuckface probably forged those patents in his room. I don't believe he has any real patents that we should worry about. I don't like Jamie Dimon (JPM) but even he isn't as retarded as Craig Wright (BSV).

JPM has the right to create their own altcoin like everybody. Nobody cares. The Internet doesn't forget.

[kissme09]

This is like banks accepting the existence of Cryptocurrency, and they see that this is an opportunity for them to grow. I believe that in the future there will be many different banks that accept it and release their crypto.

[avikz]

World’s First Cryptocurrency By Bank

Announced on Feb 14, 2019, JPM Coin’s headline surprised many crypto enthusiasts – since, in last few years, the name of JPMorgan’s Jamie Dimon appears on headline while criticizing the largest cryptocurrency, bitcoin. In fact, CEO Jamie Dimon called Bitcoin as a ‘fraud’. However, few Engineers at Bank have rolled a new coin on Bank’s name which intends to transfer the minimum payment in initial.

Read Here - https://coingape.com/jpmorgan-launches-jpm-coin-first-bank-launch-cryptocurrency/

It is an imminent future. Soon we will see a plethora of new bank backed coins in the market which will be strictly centralized in nature. Banks will be creating those coins to bypass various third parties in an international transaction and to keep technology cost at the bare minimum level.

It's not going to end here! The second phase of this will be government backed cryptos. They are coming as well. Those will be backed up by the national currencies of the issuing countries.

Frankly speaking, I am not surprised by this news because I got a hint of it back in September last year. Refer to the below link,

https://www.coindesk.com/over-75-new-banks-jpmorgan-expands-blockchain-payments-trial

[thecodebear]

World’s First Cryptocurrency By Bank

Announced on Feb 14, 2019, JPM Coin’s headline surprised many crypto enthusiasts – since, in last few years, the name of JPMorgan’s Jamie Dimon appears on headline while criticizing the largest cryptocurrency, bitcoin. In fact, CEO Jamie Dimon called Bitcoin as a ‘fraud’. However, few Engineers at Bank have rolled a new coin on Bank’s name which intends to transfer the minimum payment in initial.

Read Here - https://coingape.com/jpmorgan-launches-jpm-coin-first-bank-launch-cryptocurrency/

It is an imminent future. Soon we will see a plethora of new bank backed coins in the market which will be strictly centralized in nature. Banks will be creating those coins to bypass various third parties in an international transaction and to keep technology cost at the bare minimum level.

It's not going to end here! The second phase of this will be government backed cryptos. They are coming as well. Those will be backed up by the national currencies of the issuing countries.

Frankly speaking, I am not surprised by this news because I got a hint of it back in September last year. Refer to the below link,

https://www.coindesk.com/over-75-new-banks-jpmorgan-expands-blockchain-payments-trial

Completely agree. Banks will create their own cryptos to advance beyond the slow expensive legacy financial system, as JPM is doing. This will lead to skeptics and naysayers starting to accept cryptocurrency ("if big corporations support it then it must be legit"). Eventually nations will issue crypto versions of their fiat money, the US will totally issue a USD Coin eventually, it only makes sense nations currency would advance with the readily available technology.

And then the reserve currency of the world will be Bitcoin. Basically people will keep savings in bitcoin and when people spend their bitcoin merchants will just convert it into gov't backed USD coin. If companies eventually just start paying people in gov't backed USD Coin that actually would act as a natural onramp to bitcoin because they no longer do you need to go through the legacy financial system to buy bitcoin, you just exchange it for bitcoin directly.

The fiat system moving to crypto will help bitcoin become the reserve currency of the world. JPM Coin looks like the first step in the big boys (first banks, then governments) accepting crypto as the future of payments, with bitcoin going right along with them.

[chaintee8989]

No matter what Jamie Dimon stated in the past, he knows the power of blockchain which can lead JPMorgan to perform the transaction in real time, unlike the traditional transfers that take up to 24 hours. I personally think this is a huge step in order to expand the blockchain adoption.
JPM Coin is in the testing phase, let’s wait and see how it goes in the future.

[stortz]

Maybe not so fast JPMorgan will create this coin..



I don't know what kind of patent have Dr Craig S Wright, but this story is taking on more colours 

he's signaling to his cult followers
notice how he didn't use @, thus not really conveying the message to JPM

[pixie85]

Maybe not so fast JPMorgan will create this coin..

https://i.imgur.com/fBUkniS.jpg

I don't know what kind of patent have Dr Craig S Wright, but this story is taking on more colours 

Fuckface probably forged those patents in his room. I don't believe he has any real patents that we should worry about. I don't like Jamie Dimon (JPM) but even he isn't as retarded as Craig Wright (BSV).

JPM has the right to create their own altcoin like everybody. Nobody cares. The Internet doesn't forget.

He's a known forger of documents and a liar. Till this day we haven't seen Satoshi's coins move and Craig is broke despite claiming to own more money than a country he was speaking in. It's all smoke and mirrors with this guy

Even if JP makes a coin who is going to abandon their cryptos to use it? Is any of you going to choose JP coin over Bitcoin? I think that bankster coins are doomed.

[teejayrichard2]

oh yes, I saw this on CNN today and i was super excited. This is surely a great and a welcomed idea. It will definitely give lots of people and investors comfort in investing in cryptocurrency and i strongly believe other good things will follow too and in no distant time we will see a masssive adoption and usage of cryptocurrency all across the globe

[Bitfling]

No matter what Jamie Dimon stated in the past, he knows the power of blockchain which can lead JPMorgan to perform the transaction in real time, unlike the traditional transfers that take up to 24 hours. I personally think this is a huge step in order to expand the blockchain adoption.
JPM Coin is in the testing phase, let’s wait and see how it goes in the future.

Indeed, like or not, JP Morgan is reputable institution and have big influence in finance industry. If JP Morgan decide to create their own cryptocurrency, they must be see big opportunity in this market and it will be profitable in the future. This is huge step for crypto market

[BrewMaster]

Announced on Feb 14, 2019, JPM Coin’s headline surprised many crypto enthusiasts –

there is nothing surprising about that. it was obvious from day one that they started attacking bitcoin that they will eventually start something like this. why do you think they were attacking bitcoin in first place? they were simply afraid of losing their position and have been desperately trying to keep up with the world.

[Slow death]

World’s First Cryptocurrency By Bank

Announced on Feb 14, 2019, JPM Coin’s headline surprised many crypto enthusiasts – since, in last few years, the name of JPMorgan’s Jamie Dimon appears on headline while criticizing the largest cryptocurrency, bitcoin. In fact, CEO Jamie Dimon called Bitcoin as a ‘fraud’. However, few Engineers at Bank have rolled a new coin on Bank’s name which intends to transfer the minimum payment in initial.

Read Here - https://coingape.com/jpmorgan-launches-jpm-coin-first-bank-launch-cryptocurrency

Who cares about this and why the hell you post in this section? We have to stop running after the bankers, we have to stop running behind opinion of these analysts of hedge fund analysts. in the eyes of the news channels related to bitcoin they are gods and everything they do must be very important to the crypto world. We need that news channels move away from these bankers and hedge fund analysts.

[bangkit tri]

Announced on Feb 14, 2019, JPM Coin’s headline surprised many crypto enthusiasts –

there is nothing surprising about that. it was obvious from day one that they started attacking bitcoin that they will eventually start something like this. why do you think they were attacking bitcoin in first place? they were simply afraid of losing their position and have been desperately trying to keep up with the world.

instead they are ambitious to be followed by the world, by trying to appear in front, so it is expected that many consider them gods in this business, so they can also drive investors' psychology. I think it must stay away from that nature

[MainIbem]

Now you know why it is a bad choice to give up on cryptocurrency. This is just the beginning. there will be more surprises coming from "crypto haters" either adopting an existing coin or launching their own as JP Morgan has shown.

[thecodebear]

I don't know why anyone would think it is a Bitcoin Killer in the first place. It's a Ripple Killer for sure. But if anything it will legitimize cryptocurrency in the average skeptical person's mind which will help Bitcoin adoption in the long term.

[keyscore44]

I don't know why anyone would think it is a Bitcoin Killer in the first place. It's a Ripple Killer for sure. But if anything it will legitimize cryptocurrency in the average skeptical person's mind which will help Bitcoin adoption in the long term.

JPM Coin is definitely not a threat to Bitcoin. I have doubts whether it is a threat to Ripple. From what I understand, they want to use this coin internally, so probably even speculators will be afraid to trade it. 

[breathlessz]

I don't know why anyone would think it is a Bitcoin Killer in the first place. It's a Ripple Killer for sure. But if anything it will legitimize cryptocurrency in the average skeptical person's mind which will help Bitcoin adoption in the long term.

right, we know this coin has a similarity to ripple, where ripple currently occupies the top coin in the coinmarketcap. therefore with a semi-decentralized system such as ripple it poses a threat to it

[CoinEraser]

World’s First Cryptocurrency By Bank

Announced on Feb 14, 2019, JPM Coin’s headline surprised many crypto enthusiasts – since, in last few years, the name of JPMorgan’s Jamie Dimon appears on headline while criticizing the largest cryptocurrency, bitcoin. In fact, CEO Jamie Dimon called Bitcoin as a ‘fraud’. However, few Engineers at Bank have rolled a new coin on Bank’s name which intends to transfer the minimum payment in initial.

Read Here - https://coingape.com/jpmorgan-launches-jpm-coin-first-bank-launch-cryptocurrency/

I don't think this is good news for Ripple, apparently they're getting new competition now. Since I am not a fan of Ripple, I will not become a fan of this new bank coin either. It is simply a centralized project again and I hope there will be no hype about this project. I don't see this JPMorgan Coin as an enrichment of the crypto area and I don't need such projects. 

[dragonomoy]

I don't think it will have any impact on Bitcoin because JPM will issue stable coins which are not very popular with many people.
but this is a good start, we believe that crypto will be accepted by everyone.