JPM Coin and Bitcoin can coexist (but probably not Ripple)

JP Morgan launched a cryptocurrency, kind of. It's a fiat-backed coin on a private blockchain (Ethereum based "Quorum"), backed by its own reserves, for use by its customers to settle payments. Basically, if JPM Customer A wants to send $100 to JPM Customer B, they can now send that money and have it settle instantaneously rather than wait the standard …