Topic: JPM Coin, the JP Morgan coin - page 3. (Read 628 times)
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.
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."
"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
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!
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!
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.
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
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.
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.
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."
"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.
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"?
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"?
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 .
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."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."
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
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.
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."
Its funny because JP Morgan now planning to create his own cryptocurrency. At first we saw that he is destroying the reputation the bitcoin by telling it is a fraud but now his perspective change overtime due to his understanding about blockchain technology and that's why he is now creating his own token. "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 seems that JPM is interested in making tokens on its own after understanding how bitcoin works, it seems that Crypto has been able to make it believe and want to give other sensations. And I think if he got the idea of a banking system maybe this would compete with Riak.
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."
Its funny because JP Morgan now planning to create his own cryptocurrency. At first we saw that he is destroying the reputation the bitcoin by telling it is a fraud but now his perspective change overtime due to his understanding about blockchain technology and that's why he is now creating his own token. "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."
JP Morgan move is so smart and the announcement of it doesn't happen accidentally during this bearish market.
It was about time that Institutions will start admitting the benefits of blockchain and develop their own coin.
I foresee that in the future they will start trying to make bitcoin obsolete in order to push people into adopting their own coin.
It was about time that Institutions will start admitting the benefits of blockchain and develop their own coin.
I foresee that in the future they will start trying to make bitcoin obsolete in order to push people into adopting their own coin.
I thoughts that JPM was going to adopt BTC so whats with the own coin now?
J.P. Morgan launching a new crypto coin, here’s what it means for bitcoin futures
Good video here:
https://www.cnn.com/videos/business/2019/02/14/jpmorgan-jpm-coin-cryptocurrency.cnn-business/video/playlists/business-digital-currency/
J.P. Morgan launching a new crypto coin, here’s what it means for bitcoin futures
Good video here:
https://www.cnn.com/videos/business/2019/02/14/jpmorgan-jpm-coin-cryptocurrency.cnn-business/video/playlists/business-digital-currency/
From what i am read, JPM coin focus on banks transfer network, like Ripple did. JPM coin is not bitcoin competitor and maybe XRP competitor. I think bitcoin price should not affected with JP Morgan steps in crypto market and should be make confident on bitcoin increase
This is a sh*tty attempt from JP Morgan to make a centralised substitute of Ripple.
Sure, it's centralized, but the bankers and other institutions do not care about decentralization at all, so it's very unlikely that they'll go to Ripple just because it offers a "decentralized" platform, plus they can always create their own coin rather than use Ripple.My hope is that other banks will refuse to accept JPM and the coin will slowly, painfully and costly dies.
Very unlikely. We're talking about one of the biggest multinationals and financial companies in the world which has tons of clients around the globe, and as much as I share your hatred towards this company, there's no way that this won't see success. 
This is an improvement in the crypto market, they are focus with stable coin but it will drive people to adopt and will understand that crypto does
exist with a lot of different coins. With that, it will open a door of investment to them, and in the long run people will be more knowledgeable about the crypto as a whole, stablecoin or a volatile coin, they both are useful in building a successful crypto space.
exist with a lot of different coins. With that, it will open a door of investment to them, and in the long run people will be more knowledgeable about the crypto as a whole, stablecoin or a volatile coin, they both are useful in building a successful crypto space.
This is both interesting and really frightening at the same time, a JP Morgan stabil coin, open to the public, cut easily end up as a top 10 coin on coin market cap, they cut even surpass Bitcoin and become number one, they just need a blockchain with 100 billion coin and say that they are worth one dollar each.
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