JPM Coin

[frenchsapper]

What does everyone think about the new JPM (JP Morgan) Coin? Is this an attempt to adopt true decentralization or is this just another money grab by the greedy banking system? I find it intriguing that their CEO has been nothing but critical of bitcoin and cryptocurrencies. Curious to hear everyone’s thoughts.

[KryptoKai]

I don't think it is available externally, sounds like it is an internal coin that they will use within the company for money transfer. One dollar is tied to 1 JPM so it's not for investing in, unless they decide to change it into a ripple type coin

[OluwaTosin10]

What does everyone think about the new JPM (JP Morgan) Coin? Is this an attempt to adopt true decentralization or is this just another money grab by the greedy banking system? I find it intriguing that their CEO has been nothing but critical of bitcoin and cryptocurrencies. Curious to hear everyone’s thoughts.

We cannot tell it’s jmportance yet because it is a stable coin
And also an internal coin, we can wait for further informations as time pass by

[kindbtc]

For me it is a strange game to take control of the crypto market by the banks and brinhing all the crypto to the centralized authority which is a bank. Personally i do not support such a move but it may also result in boost in crypto market as the bank and its coin can prove to become a bridge in crypto and fiat.

[Geenstijl]

The more stablecoins market has the better for us. Now we should spend at least 5% for fees to buy crypto with fiat. But if countries/central banks release national stablecoins there is a chance to reduce that fees to almost zero in case when there are zero fees to get in national stablecoin from fiat and zero fees to trade that stablecoin to any other crypto through any reliable exchange.

[bitkanu]

What does everyone think about the new JPM (JP Morgan) Coin? Is this an attempt to adopt true decentralization or is this just another money grab by the greedy banking system? I find it intriguing that their CEO has been nothing but critical of bitcoin and cryptocurrencies. Curious to hear everyone’s thoughts.

There was no a lot of differences between JPM and stable coin because it was using dollar to backed each of JPM coin and that should be the next stable coin dude. JP morgan CEO has known as the guy that always create a joke to attack crypto.

[Meysa_richa]

it's true that they were once critical of bitcoin, but I think everyone can change and we have to think positively that their coins will grow well and can increase the price of bitcoin.

[cotton ball]

I think the coins are only for the needs of their clients and are used to be able to move some large assets to many companies that work with banks through the blockchain network, rumors that these coins can break the price of $ 1 and may be stable like a dollar. prices are confirmed next in crypto dollars.

[DanWalker]

Great news. It will definitely boost the development of legal side and attract a lot of different institutional members to this area. It's much easier to go by somebody's trail rather than to be a pioneer in this really innovative and scary field. The crypto spring is not that far

[JungleOnion]

The JP morgan coin has nothing to do with the public cryptomarkets. They are adopting a private model where only JP morgan's institutional clients will be able to benefit from transacting with the coin. Even miners supposedly are going to be selected to verify transactions, that makes me think that they will adopt a pow work, but in reality I was expecting them to come up with a pos one. Just one thing is for sure, that money won't be seen in the public markets.

[the1arty]

What does everyone think about the new JPM (JP Morgan) Coin? Is this an attempt to adopt true decentralization or is this just another money grab by the greedy banking system? I find it intriguing that their CEO has been nothing but critical of bitcoin and cryptocurrencies. Curious to hear everyone’s thoughts.

Jamie Dimond was so against bitcoin, that he decided not to miss the train and make his own coin.
I may assume that this coin will be used to send cheaper transaction and maybe with that to be able to invest somehow privately in different blockchain projects and buy current tokens.

[ataki]

JP coin is launched to increase efficiency of three of its operations. It will be used to facilitate international settlements between major corporations and reduce the days this often takes when using system like SWIFT. I think this is very good news as it should potentially encourage other leaders in banking and finance to use the benefits of crypto as a tool for speeding up transactions.

[jcarlo]

JP coin is launched to increase efficiency of three of its operations. It will be used to facilitate international settlements between major corporations and reduce the days this often takes when using system like SWIFT. I think this is very good news as it should potentially encourage other leaders in banking and finance to use the benefits of crypto as a tool for speeding up transactions.

Agree, i think JPM coin will compete with XRP coin in banking industry. JP Morgan always attach crypto market with their statement but they have hidden agenda and take profits from crypto market situation. JP Morgan must be buying a lot bitcoin at cheap price

[cytpoway121]

What does everyone think about the new JPM (JP Morgan) Coin? Is this an attempt to adopt true decentralization or is this just another money grab by the greedy banking system? I find it intriguing that their CEO has been nothing but critical of bitcoin and cryptocurrencies. Curious to hear everyone’s thoughts.

It is not available externally, so it is a centralized coin that will be used in the bank system
Probably to hasten transfer of funds within seconds instead of 3-5 days

Especially processing of checks I supoose

[sockpuppet1911]

it's true that they were once critical of bitcoin, but I think everyone can change and we have to think positively that their coins will grow well and can increase the price of bitcoin.

They can still be critical if bitcoin. Just because they have now a new transfer method that is going to be centralized doesn't really mean anything or have anything to do with bitcoin.

[adrianto1995]

What does everyone think about the new JPM (JP Morgan) Coin? Is this an attempt to adopt true decentralization or is this just another money grab by the greedy banking system? I find it intriguing that their CEO has been nothing but critical of bitcoin and cryptocurrencies. Curious to hear everyone’s thoughts.

Source please

what kind of advantage of this coin? what the innovation behind of this coin?
is this Ethereum token (ERC-20) or it has own blockchain?

why did they want to create their own cryptocurrency? as far I know JP Morgan is one of the people who against cryptocurrency especially Bitcoin...

[ðºÞæ]

just another money grab, xrp is't enough anymore so additional junk is made

[Herbert2020]

Is this an attempt to adopt true decentralization

whatever it is and however it is going to be in the future we can be 100% sure about one thing: it will NOT be decentralized. so don't even think they are going to have even a small part of their project decentralized.

their whole campaign against bitcoin starting from 2016 was building up to this point where they basically say bitcoin (which is decentralized and out of their control) is bad and their shitcoin (which is in their full control) is good.
the reality is that they just created another centralized shitcoin but because they have a big name their coin will remain relevant for a while but the world is moving towards decentralization and their days are numbered.

[Luvr1000]

to date, this news is very popular on the Internet, because everyone is now talking about this coin and that this coin will grow very much, there are several reasons , it is really the largest Bank about cryptocurrency in the past it has a history and good prospects in the future.

[Crypto one]

The news about the JPM coin started this bull run we have been in the last week, from saying Bitcoin was a scam in 2017 to start his own coin, JP Morgan understand money, so of course he want to take part in the crypto currencies world. I would not be surprised if JPM have used the 2018 bear market to get some Bitcoins.