JPM Coin, the JP Morgan coin | Bitcointalksearch.org

JohnBitCo

sr. member

Activity: 2030

Merit: 356

Quote from: Oilacris on February 16, 2019, 11:07:12 AM

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.

ecnalubma

sr. member

Activity: 1526

Merit: 420

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.

gabmen

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Quote from: BitTraderCute on February 19, 2019, 04:30:43 AM

Quote from: $anounimus$ on February 19, 2019, 03:54:09 AM

Quote from: ice18 on February 18, 2019, 10:47:31 AM

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 😂

Aligab166

jr. member

Activity: 194

Merit: 1

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.

binhvo1505

member

Activity: 728

Merit: 11

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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.

setialovers

member

Activity: 812

Merit: 11

Quote from: BitTraderCute on February 19, 2019, 04:30:43 AM

Quote from: $anounimus$ on February 19, 2019, 03:54:09 AM

Quote from: ice18 on February 18, 2019, 10:47:31 AM

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

BitTraderCute

full member

Activity: 899

Merit: 101

Quote from: $anounimus$ on February 19, 2019, 03:54:09 AM

Quote from: ice18 on February 18, 2019, 10:47:31 AM

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.

$anounimus$

sr. member

Activity: 1610

Merit: 294

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Quote from: ice18 on February 18, 2019, 10:47:31 AM

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.

kenzawak

hero member

Activity: 658

Merit: 851

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."

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: ice18 on February 18, 2019, 10:47:31 AM

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.

ice18

hero member

Activity: 2492

Merit: 542

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.

JRoa

full member

Activity: 528

Merit: 100

Quote from: kenzawak on February 14, 2019, 09:12:35 AM

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.

sowiteam

newbie

Activity: 10

Merit: 0

Quote from: Barbut on February 18, 2019, 06:01:42 AM

Quote from: sowiteam on February 18, 2019, 05:34:48 AM

Quote from: Theb on February 17, 2019, 05:30:11 AM

It's just what big corporations do to maximize their revenue just like how banks charge us just by withdrawing our money in the ATM for "convenience". For JPMorgan the JPM coin will be there biggest excuse on how their clients would forcefully need to buy this coins in order to transact with them in some certain areas, of course the coin itself has not benefits but they will cloud the thought saying it will be much more reliable and fast. Of course JPMorgan is also just doing this to show to us in the crypto community that they themselves can mock the whole industry with their worthless coin.

18 Billion were invested in ICO in 2018 - these are 18B less for the bank system .... Almost nothing, but .... JPM and other big institutions are anything than crazy.
If ICO's grabbed last year, their turn this year ....
I am pretty sure the push on crypto will be massive for 2019...
STO (Security Tokens offers) appearing here and everywhere;
As JPM coin ..... and other BS coins ... or stable coins ... lol

18 Billion dollars is a lot of money for something in the beginning, but lets take a look from another perspective, how much money can save one big corporation with using blockchain? How much they can save when they stop paying enormous transaction fees, when they go full digital and stop using paper. How much time will they save when everything becomes faster and more secured?
They are not crazy, but I hope people will make a right choice when they make decision where to invest, in centralized jpm or decentralized bitcoin, or some other coin or platform.

I thank you for your post ... Was going to underline exactly these points you are mentionning ...
Lot of people will lose their job in banks/institutions and administrations (and more in projections : accountants in future etc) ... Thanks to blockchain ....
Lot of people won t really understand at first I think ... but people is up to learn so .. they will probably find their way .....

Barbut

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Activity: 1694

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Quote from: sowiteam on February 18, 2019, 05:34:48 AM

Quote from: Theb on February 17, 2019, 05:30:11 AM

It's just what big corporations do to maximize their revenue just like how banks charge us just by withdrawing our money in the ATM for "convenience". For JPMorgan the JPM coin will be there biggest excuse on how their clients would forcefully need to buy this coins in order to transact with them in some certain areas, of course the coin itself has not benefits but they will cloud the thought saying it will be much more reliable and fast. Of course JPMorgan is also just doing this to show to us in the crypto community that they themselves can mock the whole industry with their worthless coin.

18 Billion were invested in ICO in 2018 - these are 18B less for the bank system .... Almost nothing, but .... JPM and other big institutions are anything than crazy.
If ICO's grabbed last year, their turn this year ....
I am pretty sure the push on crypto will be massive for 2019...
STO (Security Tokens offers) appearing here and everywhere;
As JPM coin ..... and other BS coins ... or stable coins ... lol

18 Billion dollars is a lot of money for something in the beginning, but lets take a look from another perspective, how much money can save one big corporation with using blockchain? How much they can save when they stop paying enormous transaction fees, when they go full digital and stop using paper. How much time will they save when everything becomes faster and more secured?
They are not crazy, but I hope people will make a right choice when they make decision where to invest, in centralized jpm or decentralized bitcoin, or some other coin or platform.

sowiteam

newbie

Activity: 10

Merit: 0

Quote from: Theb on February 17, 2019, 05:30:11 AM

It's just what big corporations do to maximize their revenue just like how banks charge us just by withdrawing our money in the ATM for "convenience". For JPMorgan the JPM coin will be there biggest excuse on how their clients would forcefully need to buy this coins in order to transact with them in some certain areas, of course the coin itself has not benefits but they will cloud the thought saying it will be much more reliable and fast. Of course JPMorgan is also just doing this to show to us in the crypto community that they themselves can mock the whole industry with their worthless coin.

18 Billion were invested in ICO in 2018 - these are 18B less for the bank system .... Almost nothing, but .... JPM and other big institutions are anything than crazy.
If ICO's grabbed last year, their turn this year ....
I am pretty sure the push on crypto will be massive for 2019...
STO (Security Tokens offers) appearing here and everywhere;
As JPM coin ..... and other BS coins ... or stable coins ... lol

coinplus

legendary

Activity: 1386

Merit: 1058

They are not investing into "crypto CURRENCY" market, they are investing into blockchain market, don't mix the two. JPM Coin will not be something that is tradeable for any of us, it is kinda like ripple but on a bigger scale (or smaller depending on what you mean) which helps a huge company like JP Morgan to move their money around faster and quicker.

They are already moving money digitally, they are not like moving money with trucks and keep them in a big safe like in cartoons or in games, they just say place A has 100 and place B has 50 and when place A sends 25 they both have 75 with absolutely no actual money changing hands just moving place to place on computer screens that's all. They want to do this much better with blockchain technology but do not mistake they are sudden supportive of crypto currency as well.

angel55

full member

Activity: 630

Merit: 172

Quote from: JohnBitCo on February 16, 2019, 10:17:33 AM

Quote from: Commitments on February 15, 2019, 10:34:04 AM

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.

JP morgan coin will have a lot of hyip in the market and this will mean that it will be highly pump as soon as it comes on exchanges. I think we should all buy this coin to get quick profit. It can easily pump to 2x or 3x as JP morgan has a lot of say in the crypto world and many people will be willing to buy his coin.

I don't agree with you, its more likely to do the opposite and crash as soon as it gets listed anywhere. We already have too many coins as it stands and I doubt many crypto investors will support a coin backed by a scam financial institution full of corruption.

dragonomoy

copper member

Activity: 68

Merit: 0

I honestly don't really care about them, and many of us don't like JPM. they insulted bitcoin and cryptocurrency and had a big impact some time ago and now they make their own coins, that's a funny thing.

Theb

hero member

Activity: 1680

Merit: 655

It's just what big corporations do to maximize their revenue just like how banks charge us just by withdrawing our money in the ATM for "convenience". For JPMorgan the JPM coin will be there biggest excuse on how their clients would forcefully need to buy this coins in order to transact with them in some certain areas, of course the coin itself has not benefits but they will cloud the thought saying it will be much more reliable and fast. Of course JPMorgan is also just doing this to show to us in the crypto community that they themselves can mock the whole industry with their worthless coin.

maman567

member

Activity: 648

Merit: 10

Last year I know JP Morgan is dislike and hate about bitcoin or cryptocurrency, I don't know its will be happen or not if JP Morgan want to created their own coin, I am not sure about his opinion want to have own coin.

Topic: JPM Coin, the JP Morgan coin (Read 576 times)