JPM Morgan announces “it’s own crypto — JPM Coin” and NASDAQ to list and trade BTC and ETH indexes
Source: https://cointelegraph.com/news/jpmorgan-chase-launches-jpm-coin-using-crypto-to-speed-settlements
In a move that may take many by surprise, JP Morgan has announced it will have it’s own crypto that they can/will use for tradition SWIFT settlement transactions or other services. The main focus would be international monetary settlements.
As we all recall, JP Morgan CEO Jamie Dimon swore off Bitcoin and how “stupid and worthless it was”, meanwhile it company was trading it and making money. So you can never take the bankers at their word.
boldIn other news — NASDAQ will add Bitcoin and Ethereum indices to the exchange this month for trading.
Source — https://cointelegraph.com/news/nasdaq-to-add-brave-new-coin-bitcoin-and-ethereum-indices-this-month
The “realtime spot price indices” should be available to trade this month. We also anticipate NASDAQ’s own BTC Future’s product the second half of the year.
More good news for crypto adoption.
Where is JP Morgan's white paper?
Are they going to have an ICO?
I bet you could make a ton of money off of JPM coin before it disappeared into a black hole that sucks in the entire rest of the bank.
It’s a dark and deep hole. Unlimited printing and darkness :-)
I think they are asking us to go read the back of the Charmins “white paper” because they will print this stuff like toilet paper and have total control. They don’t need to abide by any rules — just ask them. Rules are for the peasants.
SCREW JP Morgan they are Criminals, don't want anything they Offer......
Of course and they would never want “transparency” on the blockchain of what they do — this is the reason they have their own.