Worlds First Cryptocurrency By BankAnnounced on Feb 14, 2019, JPM Coins headline surprised many crypto enthusiasts since, in last few years, the name of JPMorgans 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 Banks 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
) to their slow death.