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.
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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 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 when if JPM coin has no real value. Any such coin with no potential often tends to dump very soon in the crypto market.
It won't bring any to the table, as others have said, this is a centralized and bankers coins so I doubt that crypto enthusiast will join the bandwagon wagon. It's pretty obvious that Jamie Dimon is a manipulator, just remember this statements before specially in Sept 2017 wherein he went on a full attack but secretly their companies are buying huge amounts of bitcoin during the massive sell-off. And I'm sure majority of us remember that and so almost everyone will not be interested on this coin.