Topic: JPMorgan Launches JPM Coin, World’s First Bank to Launch Cryptocurrency - page 2. (Read 488 times)

He's a known forger of documents and a liar. Till this day we haven't seen Satoshi's coins move and Craig is broke despite claiming to own more money than a country he was speaking in. It's all smoke and mirrors with this guy

Even if JP makes a coin who is going to abandon their cryptos to use it? Is any of you going to choose JP coin over Bitcoin? I think that bankster coins are doomed.

he's signaling to his cult followers
notice how he didn't use @, thus not really conveying the message to JPM

No matter what Jamie Dimon stated in the past, he knows the power of blockchain which can lead JPMorgan to perform the transaction in real time, unlike the traditional transfers that take up to 24 hours. I personally think this is a huge step in order to expand the blockchain adoption.
JPM Coin is in the testing phase, let’s wait and see how it goes in the future.

Completely agree. Banks will create their own cryptos to advance beyond the slow expensive legacy financial system, as JPM is doing. This will lead to skeptics and naysayers starting to accept cryptocurrency ("if big corporations support it then it must be legit"). Eventually nations will issue crypto versions of their fiat money, the US will totally issue a USD Coin eventually, it only makes sense nations currency would advance with the readily available technology.

And then the reserve currency of the world will be Bitcoin. Basically people will keep savings in bitcoin and when people spend their bitcoin merchants will just convert it into gov't backed USD coin. If companies eventually just start paying people in gov't backed USD Coin that actually would act as a natural onramp to bitcoin because they no longer do you need to go through the legacy financial system to buy bitcoin, you just exchange it for bitcoin directly.

The fiat system moving to crypto will help bitcoin become the reserve currency of the world. JPM Coin looks like the first step in the big boys (first banks, then governments) accepting crypto as the future of payments, with bitcoin going right along with them.

It is an imminent future. Soon we will see a plethora of new bank backed coins in the market which will be strictly centralized in nature. Banks will be creating those coins to bypass various third parties in an international transaction and to keep technology cost at the bare minimum level.

It's not going to end here! The second phase of this will be government backed cryptos. They are coming as well. Those will be backed up by the national currencies of the issuing countries.

Frankly speaking, I am not surprised by this news because I got a hint of it back in September last year. Refer to the below link,

https://www.coindesk.com/over-75-new-banks-jpmorgan-expands-blockchain-payments-trial

This is like banks accepting the existence of Cryptocurrency, and they see that this is an opportunity for them to grow. I believe that in the future there will be many different banks that accept it and release their crypto.

Fuckface probably forged those patents in his room. I don't believe he has any real patents that we should worry about. I don't like Jamie Dimon (JPM) but even he isn't as retarded as Craig Wright (BSV).

JPM has the right to create their own altcoin like everybody. Nobody cares. The Internet doesn't forget.

Everyone will talk smack until they see its success and fear falling behind. I don't love seeing a centralized coin but I also think it will push forward conversation of crypto among baby boomers

Maybe not so fast JPMorgan will create this coin..



I don't know what kind of patent have Dr Craig S Wright, but this story is taking on more colours 

it's afraid

This is not surprising, I think all these critics and negative about bitcoin and other crypto-currencies are more created to enter this market knowing that this is a gold mine. JPMorgan artificially criticized bitcoin not to go to the Hai, and now when the price has settled down after a frenzied growth is the time to buy.
By creating your coin Bank has the potential to earn another couple of billion dollars on this, why not try...

Some of you are talking about how crypto investors won't be interested and won't support it and won't be picked up by the market.

Just to be clear, this is a private coin used only to facilitate money transfers for JP Morgan clients. It has nothing to do with the cryptocurrency market.

It is a stable coin that won't be used by the general public. It's a private centralized coin to be used internally by their business to replace JP Morgan's use of SWIFT and wire transfers and whatever legacy money transferring technology they normally use. It has nothing to do with crypto investors, or public coins (be they stable coins or bitcoin or whatever).

It is basically a competitor to Ripple but its only for use by JP Morgan. JP Morgan though apparently moves money for like 80% of the Fortune 500. Basically this is probably the first nail in the coffin for Ripple as banks will probably just end up using bank backed stable coins created by themselves rather than give their money transferring business over to Ripple.

It is hilarious that after years of Jaime Dimon attacking Bitcoin and cryptocurrencies they now release their own cryptocurrency. But now we know without a doubt their intent and purpose in bashing bitcoin - they hate the fact that it is a public good for the people. They don't believe in money that isn't centrally controlled by the banks. JPM Coin is centrally controlled by JP Morgan, that is what they believe in. They are afraid of open currencies like bitcoin. The ruse is finally 100% up now that they've shown all their cards by making their own cryptocurrency.

If anything this is a bold-lettered proclamation about bitcoin's relevance and power. JP Morgan is admitting cryptocurrencies have huge advantages over the legacy financial system and will be the future of money (even if the marketing behind their claim is that only coins they control are good). This proves bitcoin's use case - to be a public good that revolutionizes personal finance for the 7+ billion people in this world. This admission by one of the biggest banks in the world is probably one of the loudest bullish announcements for bitcoin's future ever. Major bank now backs cryptocurrency, bitcoin is the primary cryptocurrency for the public, the banking system (through JP Morgan) is saying bitcoin is the future.

JP Morgan was created as an institution that was supposed to serve the people, not live off them.

if no one wants to lend, and not enough want to work hard for us dollar.

its time to shut it down,

i am expecting many glass palaces in the united states though.

Their “do not smoke” strategy hasn't worked, so they have decided to sell their own cigarettes. I always thought they were spreading FUD over bitcoin in an attempt to push down the price and buy cheap, now it seems they had other motivations.

Irrelevant news for the crypto market. A cryptocurrency created by a multinational is nothing but a centralized shitcoin.

If anything, this coin will compete directly with SWIFT. It also means that XRP will have more competition, in this case, the new player will be a well-established company with tons of clients worldwide (banks, big corporations and financial institutions) that would rather use JPM coin for internationals payments and whatnot rather than Ripple's services. In other words: XRP bagholders, I think it's time to sell.

This coin won't be like the usual cryptocurrency that you're used to, this will be used by big corporations, not for people to invest and wait for the pump to dump.

It seems like.. that if we see the coin only brought JP Morgan's name, but not prioritize the purpose of the coin. Just like the Alibabacoin case a few months ago, the hype was high because of the name "Alibaba". It seems like the same thing will happen here.

doesn't come a surprise though. jesus they betrayed themselves lol they call btc a scam all the time and yet creating their own cryptocurrency. what a victory. if its a stablecoin then its meant to scam. i wanna hear jaime defend themselves when someone fianlly shouted scam at them soon about thier coin being scam   can't wait for that.

Yea, just heard of this big news JPMCOIN is coming and i think it will be huge for whole crypto world. More exciting stuff to come this year.

It won't bring any to the table, as others have said, this is a centralized and bankers coins so I doubt that crypto enthusiast will join the bandwagon wagon. It's pretty obvious that Jamie Dimon is a manipulator, just remember this statements before specially in Sept 2017 wherein he went on a full attack but secretly their companies are buying huge amounts of bitcoin during the massive sell-off. And I'm sure majority of us remember that and so almost everyone will not be interested on this coin.

I do not listen to the FUD of financial experts regarding bitcoin and other cryptocurrencies, same way I also ignore their shills. This is an adoption of the blockchain and not bitcoin, and they are modifying it to be centralized and controlled, nothing to get really excited about.