JP Morgan has created JPM Coin, a digital token tied to the US dollar that will be used to instantly settle transactions; trials set to start in a few months
Also mistaken identity, buybacks … Marie Huillet / Cointelegraph : Ripple CEO Brad Garlinghouse Says JPMorgan Coin ‘Misses the Point’ of Crypto John P. Njui / Ethereum World News : 'Bank Coins Still Aren't the Answer,' Ripple's CEO on JP Morgan's Cryptocurrency PYMNTS.com : JPMC Embraces Crypto For Real-Time Payments — Ripple Says It's Not Worried Daria Rud / CoinSpeaker : JP Morgan's Newly-Created JPM Coin Sparks Ambivalent Feelings Within Crypto Community CryptoNinjas : JP Morgan successfully tests Quorum blockchain stablecoin JPM Coin Mary Driscoll / ETHNews : New J.P. Morgan Coin Tests Faster, Cheaper Payment Settlements For Business Clients Chris Isidore / CNN : JPMorgan is creating its own cryptocurrency Ben Walsh / Barron's Online : JPMorgan Just Killed the Bitcoin Dream Lucas Mearian / ITworld.com : J.P. Morgan to launch a U.S. dollar-backed cryptocurrency Financial Times : JPMorgan jumps on the stablecoin bland-wagon Cohen Coberly / TechSpot : JP Morgan is launching ‘JPM Coin,’ its first cryptocurrency Tweets: Brad Garlinghouse / @bgarlinghouse : As predicted, banks are changing their tune on crypto. But this JPM project misses the point - introducing a closed network today is like launching AOL after Netscape's IPO. 2 years later, and bank coins still aren't the answer https://www.linkedin.com/... https://twitter.com/... Frank Chaparro / @fintechfrank : “This is a huge slap in the face for Ripple,” said @Shaughnessy119. “Ripple's target market is cross-border payments and remittances and now JPMorgan's effort is a direct threat."http://www.bloomberg.com/ ... http://twitter.com/... Joe Weisenthal / @thestalwart : If it turns out that the Blockchain/Coin framework turns out to be a good one for banks transferring money around, then the JPM Coin should absolutely obliterate Ripple Mike Dudas / @mdudas : JP Morgan, the bank whose CEO Jamie Dimon has called Bitcoin a “scam” + said “I don't really give a shit about Bitcoin” is launching its own cryptocurrency.When @TheBlock__ inquired a month ago, JP Morgan blockchain execs denied this was in the works.http://www.theblockcrypto.com/ ... @amlivemon : This was inevitable and I tweeted it years ago. Wait until governments learn to implement this and end any shred of privacy http://twitter.com/... Bloomberg Crypto / @crypto : JPM Coin, a so-called stable coin JPMorgan plans for its clients to use in cross-border payments, may be a direct threat to one of the most visible blockchain companies: Ripple http://www.bloomberg.com/... http://twitter.com/... Clayton Cubitt / @claytoncubitt : So they're basically like Chuck E. Cheese tokens, for rich people? http://twitter.com/... Iamthematty / @1andonlymatty : Dear JP Morgan. Cryptocurrency's raison d'etre is that it is decentralized. Signed, everyone who's read about bitcoin. #cryptocurrency #youdontgetit https://www.cnbc.com/... Werner Gruner / @wernergruner : JP Morgan's JPM Coin will be a stable coin, meaning it will be pegged to the USD. The coin will be used to facilitate real time settlement and transactions within the institution. https://www.cnbc.com/... @jonnyzutex : #JPM new coin is not a #cryptocurrency! It's a #centralized #blockchain product for JPs #Institutional clients to move big money faster. Nothing to see here folks. https://lnkd.in/esG9BZf Jesse Felder / @jessefelder : J.P. Morgan is preparing for a future in which parts of the essential underpinning of global capitalism, from cross-border payments to corporate debt issuance, move to the blockchain. https://www.cnbc.com/... Bob Bartleson / @bobbartleson : This is a good thing if crypto fintechs respond properly and work with regulators and traditional financial services for legitimacy, or lose your advantage. https://www.cnbc.com/... ... #crypto #cryptocurrency #cryptocurrencymarket #fintech #banktransactions #bankingreimagined @pt : I keep saying, successful crypto technology is very likely to get there by slaughtering one or more of the sacred cows of crypto religion that hold it back. Reactions from the interwebs suggest we have a candidate technology. https://twitter.com/... Neeraj K. Agrawal / @neerajka : All I see here is a whole new wave of having to explain the difference between a closed, gated, system and an open, public, system http://www.cnbc.com/...