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/ It is an imminent future. Soon we will see a plethora of new bank backed coins in the market which will be strictly centralized in nature. Banks will be creating those coins to bypass various third parties in an international transaction and to keep technology cost at the bare minimum level.
It's not going to end here! The second phase of this will be government backed cryptos. They are coming as well. Those will be backed up by the national currencies of the issuing countries.
Frankly speaking, I am not surprised by this news because I got a hint of it back in September last year. Refer to the below link,
https://www.coindesk.com/over-75-new-banks-jpmorgan-expands-blockchain-payments-trial