I thoughts that JPM was going to adopt BTC so whats with the own coin now?
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They would never do this. Bitcoin is decentralised. At most they can adopt centralised coin like Ripple.
Topic: JPM Coin, the JP Morgan coin - page 4. (Read 660 times)
This is a sh*tty attempt from JP Morgan to make a centralised substitute of Ripple. My hope is that other banks will refuse to accept JPM and the coin will slowly, painfully and costly dies. After all the FUD from JP Morgan against Bitcoin, they don't deserve success.
They would never do this. Bitcoin is decentralised. At most they can adopt centralised coin like Ripple.
They would never do this. Bitcoin is decentralised. At most they can adopt centralised coin like Ripple.
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/
Thia would be going a step further from digital fiat currencies and utilizing the blockchain technology to facilitate transactions.
It would help the popularity of the word 'cryptocurrency' however and would encourage some to do research on its origin and utilities.
It would help the popularity of the word 'cryptocurrency' however and would encourage some to do research on its origin and utilities.
In regards to investments, as decentralization wont happen from night to day, it might be "secure" to keep a foot in the centralized world for a while until masses wake up ..
If the price will not remain constant, I think it can be invested. old wolves that have given their years to the economy have realized that the future is cryptocurrencies This is a nice development for the market. Is there anyone else who wants to buy it?
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."
Little by little blockchain technology is been adopted all over the world and times is coming when everything will be decentralized. Jpm coins will be a most invest for me if it really come because many big guys are going to buy this coin. "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."
Not bad point. I think that Ripple could have more troubles, than other projects, especially when JP Morgan take some of their clients.
Technology improvement is unstoppable. "They" must do something similiar.
Technology improvement is unstoppable. "They" must do something similiar.
Just a few days ago, Jamie Dimon called out bitcoin once again stating that it has no real world value and offer nothing to our modern world. But would you look at that, they are also the ones who created their own coin and expecting the masses to support it! This is preposterous at best, and would surely be criticized heavily should it come to materialization.
It will run on the Quorum blockchain which is the bank's private version of ethereum so yeah, this is centralized, private and closed. Yikes.
If I understand correctly this is a private and closed blockchain?
Well it does make sense. Of course banks will have their own Ripple to transfer value internally. Anytime, anywhere for very cheap.
Well it does make sense. Of course banks will have their own Ripple to transfer value internally. Anytime, anywhere for very cheap.
It will run on the Quorum blockchain which is the bank's private version of ethereum so yeah, this is centralized, private and closed. Yikes.
If I understand correctly this is a private and closed blockchain?
Well it does make sense. Of course banks will have their own Ripple to transfer value internally. Anytime, anywhere for very cheap.
I find however interesting this Dimon guy. He is such a hypocrite.
Well it does make sense. Of course banks will have their own Ripple to transfer value internally. Anytime, anywhere for very cheap.
I find however interesting this Dimon guy. He is such a hypocrite.
Well it is one step further to push people in the centralized perfect controlling tool ....
It s only one step further for people to learn .....
Time will say if masses learnt or not ...... Instead a nice quantity of people understood already the difference between centralization and DEcentralization ...
Instead masses will learn by using - almost "forced by institutions" to catch on ......
they do the job ... people learn with time
It s only one step further for people to learn .....
Time will say if masses learnt or not ...... Instead a nice quantity of people understood already the difference between centralization and DEcentralization ...
Instead masses will learn by using - almost "forced by institutions" to catch on ......
they do the job ... people learn with time
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."
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