JP Coin

Topic by 743 roadmaster

743 roadmaster

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This topic contains 4 replies, has 5 voices, and was last updated by Monk  Monk 1 month ago.

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  • #889705
    +5
    743 roadmaster
    743 roadmaster
    Participant

    https://www.forbes.com/sites/michaeldelcastillo/2019/02/14/jaime-dimon-finally-shows-jp-morgans-cryptocurrency-hand/#3b1666a02e7e

    Jamie Dimon’s Cryptocurrency Master Plan Swipes At Swift

    JPMorgan Chase CEO Jamie Dimon has finally made a public move in the cryptocurrency arena. After years of bashing bitcoin, and at one time even mocking his own daughter for investing in it, we learned today that he had a master plan all along.

    In a report published by CNBC, JPMorgan’s head of blockchain revealed plans for JPM Coin, a cryptocurrency pegged to U.S. dollars stored in JPMorgan Chase accounts. The cryptocurrency will initially be used internally between JPMorgan Chase’s wholesale business clients, as a faster way to move funds that might otherwise rely on the traditional Swift interbank messaging system.

    —————-From the biggest anti-crypto guy out there to selling his own,…..times they have changed.

    mgtow is its own worst enemy- https://www.campusreform.org/

    #889738
    +2
    JB Books
    JB Books
    Participant
    2909

    So it’s worth what the dollar is, unless/until something happens to Chase? Or is it essentially a Case investment? Either way, just adds another layer of risk or is a bank investment product. No thanks.

    We just don't realize life's most significant events while they're happening. Back then, I thought, "Well, there'll be other days". I didn't realize that that was the only day. - "Moonlight" Graham

    #889746
    IMickey503
    iMickey503
    Participant
    8804

    So it’s worth what the dollar is, unless/until something happens to Chase? Or is it essentially a Case investment? Either way, just adds another layer of risk or is a bank investment product. No thanks.

    Put money in a BANK CRYPTO?

    You are all alone. If you have been falsely accused of RAPE, DV, PLEASE let all men know about the people who did this. http://register-her.net/web/guest/home

    #889749
    MarketWatcher
    MarketWatcher
    Participant

    -From the biggest anti-crypto guy out there to selling his own,…..times they have changed

    As usual it’s all about the money. If he can circumvent the SWIFT system it will save them millions. I hope this doesn’t spread through banking, sending a wire will be a pain in the ass.

    #889820
    Monk
    Monk
    Participant
    11478

    … a cryptocurrency pegged to U.S. dollars stored in JPMorgan Chase accounts.

    Desperately trying to prop up the crumbling dollar.

    The cryptocurrency will initially be used internally between JPMorgan Chase’s wholesale business clients, as a faster way to move funds that might otherwise rely on the traditional Swift interbank messaging system.

    ‘Initially’ …

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