JPM Coin, the JP Morgan coin | Bitcointalksearch.org

JohnBitCo

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Quote from: Oilacris on February 16, 2019, 10:07:12 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

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www.Artemis.co

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, 03:30:43 AM

Quote from: $anounimus$ on February 19, 2019, 02:54:09 AM

Quote from: ice18 on February 18, 2019, 09:47:31 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

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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

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https://streamies.io/

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

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Quote from: BitTraderCute on February 19, 2019, 03:30:43 AM

Quote from: $anounimus$ on February 19, 2019, 02:54:09 AM

Quote from: ice18 on February 18, 2019, 09:47:31 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

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Quote from: $anounimus$ on February 19, 2019, 02:54:09 AM

Quote from: ice18 on February 18, 2019, 09:47:31 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.

$anounimus$

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www.licx.io

Quote from: ice18 on February 18, 2019, 09:47:31 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

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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

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Quote from: ice18 on February 18, 2019, 09:47:31 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

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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

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Quote from: kenzawak on February 14, 2019, 08:12:35 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

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Quote from: Barbut on February 18, 2019, 05:01:42 AM

Quote from: sowiteam on February 18, 2019, 04:34:48 AM

Quote from: Theb on February 17, 2019, 04:30:11 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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Quote from: sowiteam on February 18, 2019, 04:34:48 AM

Quote from: Theb on February 17, 2019, 04:30:11 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

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Activity: 10

Merit: 0

Quote from: Theb on February 17, 2019, 04:30:11 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

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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

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Quote from: JohnBitCo on February 16, 2019, 09:17:33 AM

Quote from: Commitments on February 15, 2019, 09:34:04 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

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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

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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

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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.

vv181

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When the bankers realize how powerful blockchain technology is, they started to play around it. JP Morgan has claimed BItcoin was a fraud, and now he is maximizing the technologies used by Bitcoin. Decentralized Cryptocurrencies space is barely affected by those kinds of plan Since it is just another centralized cryptocurrency. Nevertheless, The good side is cryptocurrencies awareness could be raised by the bankers starting to look at Blockchain, I believe it will indirectly have an advantage to cryptocurrencies market.

Tamilson

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Quote from: BoxerRobert on February 16, 2019, 03:58:12 AM

Wow sounds good .when 2014 JP Morgan said Bitcoin is scam now he introduced won coin its really awesome move in crypto.

No it's not 2014, but it's 2017 when JP Morgan says bitcoin is a fraud then a massive decrease happen.

So they say this JPM coin is backed by USD, wondering how much it is? Is whitepaper already released?
JPM coin or token? I wish Morgan a good luck for his shitcoin, moreover will be a hype coin.

pixie85

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Activity: 2184

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Quote from: Oilacris on February 16, 2019, 10:07:12 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.

He never really opposed Bitcoin. It was a move to manipulate the market and it worked. The market reacted to his words people retweeted them and the price went down so he did it again and again but there was no big reaction this time. He tested the waters and probably made money on it. He even said that his daughter was trading bitcoin so at least she made money on her father's FUD tweets.

shinharu10282016

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Quote from: kenzawak on February 14, 2019, 08:12:35 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."

So another centralized kind of cryptocurrency? So they need something like another Ripple right now? Wouldn't the instant settlement be a big problem since its a cryptocurrency and its value will change over time?

We all know many kinds of people getting into the hype and regretting it afterward.

chenille

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chenille!

Quote from: Dasha88fed on February 16, 2019, 10:21:49 AM

I think that JPM Coin will not be able to compete with Bitcoin, rather, this new coin will become a competitor for the same centralized coins as herself, for example, for TrueUSD, Havven, Tether and others. It seems that this coin will not be able to compete even Ripple. Therefore, I see no reason to worry, and the statements of Jamie Dimon are only PR.

Jamie Dimon is a greedy scammer. I bet he don't know anything about crypto and the JPM Coin ist just created for his own companies profits, similar to most of the other shitcoins.

Dasha88fed

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I think that JPM Coin will not be able to compete with Bitcoin, rather, this new coin will become a competitor for the same centralized coins as herself, for example, for TrueUSD, Havven, Tether and others. It seems that this coin will not be able to compete even Ripple. Therefore, I see no reason to worry, and the statements of Jamie Dimon are only PR.

Oilacris

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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.

1Referee

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Quote from: JohnBitCo on February 16, 2019, 09:17:33 AM

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 think you understand what JPM 'coin' actually is, and what segment of the market it's meant to serve. In easy terms, this 'coin' will never end up being listed on any of our current or future crypto exchanges.

I'm pretty certain that there are plenty of banks already with their own token serving their clients, but as always, people hype up that what they read about, and currently that's the JPM 'coin'. Jamie Dimon must be having a good time seeing how much attention it has been generating on social media. It's basically free marketing, lol.

It's not going to compete with any of our existing crypto currencies, but more so with the tokens other banks run. Clients will be looking for a bank with the best and cheapest service, and they'll switch if they have to.

JohnBitCo

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Quote from: Commitments on February 15, 2019, 09:34:04 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.

sowiteam

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Quote from: Naida_BR on February 16, 2019, 07:07:36 AM

Quote from: Capt00 on February 16, 2019, 06:08:10 AM

Quote from: munareal on February 16, 2019, 05:21:59 AM

Bitcoin enemies today will become its greatest friends in the future. JPM coin is not totally decentralized but will create awareness of cryptocurrencies to the mainstream.

I think the decision of JPM now is having a great impact on the cryptocurrency market, maybe we can expect it by now after a months Bitcoin price will increase and have progress to recover from depth. We just hope that some countries too were enlightened regarding cryptocurrency mass adoption and also banks and big companies.

Banks are going to try to decrease the price and the value that bitcoin can bring to society. I don't think that they strategically develop their own coin in order to bring more people to cryptocurrencies. They have their own goal before and this goal doesn't include bitcoin/ethereum or other established cryptocurrencies in their plan.

Banks did that since the introduction of the Futures with BTC 14 months ago - and even started this process before ....
They have their own goal to keep their own communities of customers ..

At the end the power comes from what the PEOPLE (communities) give value to ....
BTC is (was) a bet for "freedom" (decentralization) ..
and trying to see the futur as positive as possible ...
Can all be decentralized and controlled by the comum sence (us the people - communities) ? I wish yes .....

Naida_BR

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Quote from: Capt00 on February 16, 2019, 06:08:10 AM

Quote from: munareal on February 16, 2019, 05:21:59 AM

Bitcoin enemies today will become its greatest friends in the future. JPM coin is not totally decentralized but will create awareness of cryptocurrencies to the mainstream.

I think the decision of JPM now is having a great impact on the cryptocurrency market, maybe we can expect it by now after a months Bitcoin price will increase and have progress to recover from depth. We just hope that some countries too were enlightened regarding cryptocurrency mass adoption and also banks and big companies.

Banks are going to try to decrease the price and the value that bitcoin can bring to society. I don't think that they strategically develop their own coin in order to bring more people to cryptocurrencies. They have their own goal before and this goal doesn't include bitcoin/ethereum or other established cryptocurrencies in their plan.

Capt00

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Quote from: munareal on February 16, 2019, 05:21:59 AM

Bitcoin enemies today will become its greatest friends in the future. JPM coin is not totally decentralized but will create awareness of cryptocurrencies to the mainstream.

I think the decision of JPM now is having a great impact on the cryptocurrency market, maybe we can expect it by now after a months Bitcoin price will increase and have progress to recover from depth. We just hope that some countries too were enlightened regarding cryptocurrency mass adoption and also banks and big companies.

Bitfling

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Quote from: strunberg on February 16, 2019, 04:05:09 AM

Quote from: TheClownSong on February 16, 2019, 03:20:07 AM

Quote from: rosmerius on February 15, 2019, 10:10:40 PM

There are many pros and cons about JPM, if indeed it has positive potential, JPM can quickly introduce crypto to the public so investors can trust it and crypto will have an increase in value and function. At least the JPM step is able to provide a good attraction for the community.

This JP Morgan step give confident to investor. FInancial Institution will come market and investing their money. Its good for community in this bear market and people who lossing hope will have it again. I am believe this JP Morgan step will followed by others institution and make crypto rising again in near future

blockchain technology will have several version now.and by this JP Morgan participating it will create new demand in cryptocurrency.investors that previously didnt interested maybe they will put some of their money due to JP Morgan reputation in finance industry

JP Morgan will attract more investor to invest in cryptomarket. I am agree that JP Morgan is reputable investment banking and it will close us to regulation from government. If this happen, recovery of bitcoin price and market cap value just the matter of time

munareal

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Bitcoin enemies today will become its greatest friends in the future. JPM coin is not totally decentralized but will create awareness of cryptocurrencies to the mainstream.

niteroy

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Maybe a new JP Morgan coin will have a positive effect on the crypto market? Perhaps many people who are skeptical of cryptocurrencies will see that even large banks are looking in the direction of cryptocurrencies and this will trigger an increase in interest in cryptocurrencies.

strunberg

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#SWGT PRE-SALE IS LIVE

Quote from: TheClownSong on February 16, 2019, 03:20:07 AM

Quote from: rosmerius on February 15, 2019, 10:10:40 PM

There are many pros and cons about JPM, if indeed it has positive potential, JPM can quickly introduce crypto to the public so investors can trust it and crypto will have an increase in value and function. At least the JPM step is able to provide a good attraction for the community.

This JP Morgan step give confident to investor. FInancial Institution will come market and investing their money. Its good for community in this bear market and people who lossing hope will have it again. I am believe this JP Morgan step will followed by others institution and make crypto rising again in near future

blockchain technology will have several version now.and by this JP Morgan participating it will create new demand in cryptocurrency.investors that previously didnt interested maybe they will put some of their money due to JP Morgan reputation in finance industry

BoxerRobert

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Wow sounds good .when 2014 JP Morgan said Bitcoin is scam now he introduced won coin its really awesome move in crypto.

TheClownSong

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Quote from: rosmerius on February 15, 2019, 10:10:40 PM

There are many pros and cons about JPM, if indeed it has positive potential, JPM can quickly introduce crypto to the public so investors can trust it and crypto will have an increase in value and function. At least the JPM step is able to provide a good attraction for the community.

This JP Morgan step give confident to investor. FInancial Institution will come market and investing their money. Its good for community in this bear market and people who lossing hope will have it again. I am believe this JP Morgan step will followed by others institution and make crypto rising again in near future

rosmerius

member

Activity: 490

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Revolutionizing Crypto Payment Solutions

There are many pros and cons about JPM, if indeed it has positive potential, JPM can quickly introduce crypto to the public so investors can trust it and crypto will have an increase in value and function. At least the JPM step is able to provide a good attraction for the community.

Sadlife

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If i read it correctly this JPM coin will be a shitcoin but it's good news and will actually benefit the bitcoin and altcoin ecosystem and it will serve as an advertisement for crypto currencies.
In the future institutional, bankers or average joe's will recognize crypto as an asset to rely on their money and it is now easily and convenient to invest in it.

n0ne

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DGbet.fun - Crypto Sportsbook

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.

andika2018

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Quote from: gulubal on February 15, 2019, 01:47:42 PM

Quote from: kenzawak on February 14, 2019, 08:12:35 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."

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

HabBear

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Merit: 638

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!

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: Crypdon on February 15, 2019, 05:46:28 PM

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.

Crypdon

member

Activity: 616

Merit: 11

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

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

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.

gulubal

jr. member

Activity: 52

Merit: 2

( https://www.sterlingsovereign.co.uk/)

Quote from: kenzawak on February 14, 2019, 08:12:35 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."

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.

BestSSS

jr. member

Activity: 434

Merit: 4

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"?

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: Commitments on February 15, 2019, 09:34:04 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.

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 .

MetalGear

sr. member

Activity: 714

Merit: 250

Quote from: kenzawak on February 14, 2019, 08:12:35 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."

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.

sowiteam

newbie

Activity: 10

Merit: 0

Quote from: kenzawak on February 15, 2019, 08:22:25 AM

https://twitter.com/Nouriel/status/1096128231038746625

https://i.imgur.com/5SKfRgV.png

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

Commitments

member

Activity: 532

Merit: 10

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.

kenzawak

hero member

Activity: 658

Merit: 851

https://twitter.com/Nouriel/status/1096128231038746625

grifinmch

sr. member

Activity: 756

Merit: 250

Quote from: DevilSlayer on February 15, 2019, 04:36:18 AM

Quote from: kenzawak on February 14, 2019, 08:12:35 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."

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.

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.

DevilSlayer

sr. member

Activity: 1456

Merit: 359

Quote from: kenzawak on February 14, 2019, 08:12:35 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."

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.

Naida_BR

member

Activity: 980

Merit: 62

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.

Burogh

member

Activity: 644

Merit: 10

COVIR.IO

Quote from: mich on February 14, 2019, 05:52:26 PM

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/

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

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

Quote from: kolesozw on February 14, 2019, 06:08:19 PM

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.

Quote from: kolesozw on February 14, 2019, 06:08:19 PM

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.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

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.

cryptjh

full member

Activity: 532

Merit: 187

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.

kolesozw

legendary

Activity: 1316

Merit: 1004

FRX: Ferocious Alpha

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.

Quote from: mich on February 14, 2019, 05:52:26 PM

I thoughts that JPM was going to adopt BTC so whats with the own coin now?

...

They would never do this. Bitcoin is decentralised. At most they can adopt centralised coin like Ripple.

mich

legendary

Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

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/

Kopyleft

member

Activity: 168

Merit: 15

Future of Security Tokens

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.

sowiteam

newbie

Activity: 10

Merit: 0

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 ..

muhtesem

jr. member

Activity: 73

Merit: 1

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?

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: kenzawak on February 14, 2019, 08:12:35 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."

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.

eroejoe

member

Activity: 602

Merit: 54

ツ

Quote from: kenzawak on February 14, 2019, 10:41:40 AM

https://twitter.com/WhalePanda/status/1096044762245853184

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.

kenzawak

hero member

Activity: 658

Merit: 851

https://twitter.com/WhalePanda/status/1096044762245853184

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

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.

Quote from: Perunex on February 14, 2019, 09:12:58 AM

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.

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.

Perunex

full member

Activity: 546

Merit: 111

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

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.

sowiteam

newbie

Activity: 10

Merit: 0

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

kenzawak

hero member

Activity: 658

Merit: 851

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."

Topic: JPM Coin, the JP Morgan coin (Read 662 times)