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

tonysheng.substack.com

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

Tony Sheng
Feb 16, 2019
Share this post

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

tonysheng.substack.com

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 …

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