JPMorgan Launches JPM Coin, World’s First Bank to Launch Cryptocurrency - page 3.

pawanjain

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Nothing lasts forever

Quote from: abhinav94 on February 14, 2019, 08:47:10 AM

World’s First Cryptocurrency By Bank

Announced on Feb 14, 2019, JPM Coin’s headline surprised many crypto enthusiasts – since, in last few years, the name of JPMorgan’s Jamie Dimon appears on headline while criticizing the largest cryptocurrency, bitcoin. In fact, CEO Jamie Dimon called Bitcoin as a ‘fraud’. However, few Engineers at Bank have rolled a new coin on Bank’s name which intends to transfer the minimum payment in initial.

Read Here - https://coingape.com/jpmorgan-launches-jpm-coin-first-bank-launch-cryptocurrency/

I always considered Jamie Dimon to be a double sided player. Though he always used to criticize bitcoin, he also has a good amount of bitcoins stored in his wallet.
I wonder what would JPM coin would bring us because if it is just another cryptocurrency then I am sure that it won't rise much and will be pumped and dumped soon.
All of this FUD won't last longer if JPM coin has no real value. Any such coin with no potential often tends to dump very soon in the crypto market.

angel55

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No serious crypto investors will be insterested in this coin. Just another centralized scam that isn't even a real cryptocurrency. They will probably give up when they realize no one is interested in their shitcoin.

DeathAngel

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#1 VIP Crypto Casino

Pointless centralized coin, leave me out. Not interested at all. Banks are clearly worried about bitcoin so are attempting to punt their own shitcoin via the blockchain.

It won’t work.

X7

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Let he who is without sin cast the first stone

Quote from: abhinav94 on February 14, 2019, 08:47:10 AM

World’s First Cryptocurrency By Bank

Announced on Feb 14, 2019, JPM Coin’s headline surprised many crypto enthusiasts – since, in last few years, the name of JPMorgan’s Jamie Dimon appears on headline while criticizing the largest cryptocurrency, bitcoin. In fact, CEO Jamie Dimon called Bitcoin as a ‘fraud’. However, few Engineers at Bank have rolled a new coin on Bank’s name which intends to transfer the minimum payment in initial.

Read Here - https://coingape.com/jpmorgan-launches-jpm-coin-first-bank-launch-cryptocurrency/

https://www.cnbc.com/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html <-- another source citing this same information.

Interesting times.

Yaunfitda

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Activity: 2870

Merit: 594

I'm not surprised by this move, they have been attacking bitcoin in the past and now everything is really unfolding as they have their own agenda from behind, take advantage of the technology behind and then have their own crypto.

I'm sure that this will be private but it's really ironic, how those bankers are very hostile in the past and now realizing the true potential of blockchain technology and using it and try to look they're fully supported crypto's. lol.

keyscore44

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Activity: 2002

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Recently, JPMorgan CEO once again claimed that Bitcoin is a scam. I am curious on which blockchain platform will be created this coin. Roll Eyes

However, as I know banksters, they will probably do a Ripple clone and again it will be fake cryptocurrency.

kryptqnick

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Join the world-leading crypto sportsbook NOW!

Quote from: abhinav94 on February 14, 2019, 08:47:10 AM

World’s First Cryptocurrency By Bank

Announced on Feb 14, 2019, JPM Coin’s headline surprised many crypto enthusiasts – since, in last few years, the name of JPMorgan’s Jamie Dimon appears on headline while criticizing the largest cryptocurrency, bitcoin. In fact, CEO Jamie Dimon called Bitcoin as a ‘fraud’. However, few Engineers at Bank have rolled a new coin on Bank’s name which intends to transfer the minimum payment in initial.

Read Here - https://coingape.com/jpmorgan-launches-jpm-coin-first-bank-launch-cryptocurrency/

Well, it's not very surprising. They must've been criticising cryptocurrencies trying to dump the prices as well as fight decentralization and free market. Now they hope to benefit from the technology and keep it under control at the same time. The true cryptos pose a threat to banking system, so JPMorgan contributes to the bearish trend when it's able to do so. A regulated crypto, on the other hand, is potential profits. I hope the coin will not be taken seriously and will lead these scammers (see https://www.nytimes.com/2017/12/21/business/jpmorgan-money-laundering.html, https://www.forbes.com/sites/francescoppola/2018/09/30/the-banks-that-helped-danske-bank-estonia-launder-russian-money/ and https://www.finextra.com/pressarticle/76846/hong-kong-central-bank-fines-jpmorgan-chase-for-money-laundering-failures) to their slow death.

proTECH77

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For JPMorgan to come to the lime light of cryptocurrency make it clear to me that, there is much potentials on the Blockchain which is unspoken about. JPMorgan was know by his dooms and criticism against cryptocurrency particularly Bitcoin as a fraud which amounted Bitcoin to drop drastically. JPM Coin will be a better ideal but not sure will attract many investors because of the centralize platform the ideology is based. Just my own opinion.

Anythings is possible imagine "JPMorgan"

abhinav94

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World’s First Cryptocurrency By Bank

Announced on Feb 14, 2019, JPM Coin’s headline surprised many crypto enthusiasts – since, in last few years, the name of JPMorgan’s Jamie Dimon appears on headline while criticizing the largest cryptocurrency, bitcoin. In fact, CEO Jamie Dimon called Bitcoin as a ‘fraud’. However, few Engineers at Bank have rolled a new coin on Bank’s name which intends to transfer the minimum payment in initial.

Read Here - https://coingape.com/jpmorgan-launches-jpm-coin-first-bank-launch-cryptocurrency/

Topic: JPMorgan Launches JPM Coin, World’s First Bank to Launch Cryptocurrency - page 3. (Read 509 times)