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Has the JPM coin validated crypto

There has been a pump in the crypto market. This announcement may have helped validate the technology ! The first cryptocurrency created by a huge U.S. bank is here ,it’s from J.P. Morgan Chase. #JPMCOIN

This bank moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business. In trials set to start in a few months, a tiny fraction of that will happen over something called “JPM Coin,” the digital token created by engineers at the New York-based bank to instantly settle payments between clients.

Will we see more major banks join the crypto-blockchain space? What will Ripple do? You gotta like the Dimon dude,.

Was Far Jerry right when he said Blockchain systems are faster,cheaper and more secure ? Thoughts and comments are welcome on this blog ..

7 Responses to Has the JPM coin validated crypto

  • if it ain bitcioin,i do not care.. #beatthecentralbanks

  • Fake money and after 10 years this technology has done what ??? #TULIPSEASON

  • JPM Coin does not appear to solve a real banking problems . My opinion this does spread the word “crypto” and “blockchain”, I say thanks to JPM Coin .

  • Are there any stores which sell the goods and services one needs, and which accept payment in that crypto ?

  • When will the international network that is Bakkt get approved by the US Commodity Futures Trading Commission (CFTC) ? This proposed Bitcoin futures trading system could contribute to a strong Bitcoin turnaround.

    Bakkt, the venture’s founder, Intercontinental Exchange (ICE) is arguably the most successful operator across the globe when it comes to financial exchanges. The forward-thinking entrepreneur, Jeffrey Sprecher is at the helm of ICE which owns the New York Stock Exchange and other leading futures exchanges in alot of major asset categories.

    This track record of this seems to appeal to the investment from institutions, whose regulations usually require investing through government channels with strict guidelines. However, the lack of US regulatory approval helps to explain why many institutions have taken a step back from cryptocurrency. The appeal that Bakkt has doesn’t stop there as some banking giants in the financial sector have also shown their interest. Right Jamie of #JPMCPOIN

  • Jamie Dimon is the CEO of JP Morgan Chase.

    One of the largest banking institutions in the world.

    In 2017 he named bitcoin a “fraud”.

    In 2018 he said he did not mean it.

    In 2019 he announced JP Morgan coin.

  • This JP Morgan thing is a positive thing for Bitcoin and other cryptos!!An opinion only ,do not take as financial advice ,.

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