JPM (JPMorgan) Coin will it succeed?

Feb 27, 2019 21 Comments

Apparently, JPMorgan is coming out with their own cryptocurrency to help aid with international transfers within the bank. Do you think this will succeed? Are other banks developing their own digital coins too? I think unless governments come up with their own digital currencies decentralization is too much of a risk. What exactly are the benefits of a decentralized currency? Would love to hear from finance gurus!


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TOP 21 Comments
  • Chase cxscur
    think about the technology that backs up the idea, now think about the size of the supporting company. what does that tells u ?
    Feb 27, 2019 3
    • Capital One cwbybepbop
      Feb 27, 2019
    • Chase cxscur
      hey D.H i see u keeping Bloomberg culture as it should !!
      Feb 27, 2019
  • Amazon OEYo61
    Last month called they want their news back
    Feb 27, 2019 0
  • Capital One RE5PECT
    Banks have been jizzing their pants over blockchain for a while now but for JPM there’s no benefit to decentralization.
    Feb 27, 2019 1
    • Bloomberg / Eng iVX372
      There could be, but probably not as a cryptocurrency unless it grows substantially in usage rates and value (like Bitcoin).

      Blockchain software can (eventually) automate transaction, compliance and fraud detection processes, potentially saving billions in long term labor costs through automation.
      Feb 27, 2019
  • Wells Fargo gyut
    They have millions of dollars to invest in it and market it to make it succeed .. eventually it will be a success..
    Feb 27, 2019 0
  • Visa samK
    See you on the moon. Bring your lambo.
    Feb 27, 2019 0
  • It might kill XRP
    Feb 27, 2019 4
    • Correct
      Mar 2, 2019
    • JPMorgan investor day slide shows their longer term plans. First, it discusses a replacement for Ripple called the iin with 185+ banks already signed up.

      Then, it says JPM Coin will be a stablecoin issued on Quorum but will be compatible on other blockchains.

      Banks are not going to use XRP enrich Ripple. They are creating their own coin. Right now, Ripple sells 100 millions of XRP every quarter, the only buyers are a fool like you
      Mar 2, 2019
  • Chase / Product nghtmre
    It’s not crypto 1. The name is marketing. 2. It’s not decentralized. 3. It’s for internal use (international clients transactions/securities
    Feb 27, 2019 1
    • Capital One desu’s mom
      Buncha fucktards that just heard about jpmcoin and didn’t look into it at all in this thread. Good on you for being able to think for yourself
      Mar 7, 2019
  • Uber / Eng ycej4h
    Those bank coins are centralized coins
    Feb 27, 2019 0
  • Capital One cwbybepbop
    Hope you’re ready for CapCoin or maybe, OneCoin? 🤔🤗
    Feb 27, 2019 0
  • Vanguard / Eng krampus
    No it won't
    Feb 27, 2019 0


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