JP Morgan is rolling out the first cryptocurrency by a US bank to transform payments business

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JP Morgan is rolling out the first cryptocurrency by a US bank to transform the payments business

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lookner Could u cover this as a business alert ? 🤗

But they blocked the ability to buy crypto with their cards? The bank system destroyed crypto and now want to steal the tech.

Well there’s the beginning of the end for crypto currency. Oh well, time to make a new one...

It’s not a crypto currency!

That's not a cryptocurrency, guys. Come on. Don't lie.

Terrible idea what if the system crashes or is hacked and if it's all online then all the bank buildings are worthless the workers have no jobs and I got a feeling you ceos will be bleeding it still

Another fiat money.

Give it up

Dare ! 👍🏼

No garbage if you want this coin you want to be further manipulated.

noshameinthegame You can still charge fees and make money off illegal means. Bank profits will be legit. JPM stock call options

This would be a game changer! I’m excited to hear more about this approach JP Morgan is trying to pursue.

Isn't the whole point of cryptocurrency the lack of need for a bank?

When a bank wants you to give up your real money for their invisible money. lmfao. This is why people should fuck over banks.

First thoughts: What is the conversion rate? Is it FDIC insured? How much can be FDIC insured?

JPMcoin = Jacking Peoples Money coin

This guy is re tar ded

Amazing news for Eipple and xrp Proof that their Internet of Value is going to change the world! 'Helping money move as easily as information.' XRPTheStandard IoV

Jamie Dimon is a market manipulation master. Bitcoin

And so it begins

A coin with unlimited supply...what does that sound like?!? FIAT BUY Bitcoin instead.

eBTC_Official is finishing a bank-backed basket valuation mechanism. This is a half-assed scam of a design meant to keep control in the middle-man's hands - not you, the transactor... 👎🏻

JP Morgan: 'After much discussion, we stepped back and realized that we are a financial institution. We invented scamming. It's only natural that we get into the crypto racket too!'

Fuck jpm

Reminds me of E-Coin from Mr. Robot...

Do not trust jpmorgan , Chase mortgage, Chase bank OR JamieDimon!!!

AlexanderHaxton Redeemable for 1 USD ...Soo u basicly buy a shitcoin that is backed up by a USDoller that should be backed up by silver... but the silver isnt there... your USD isnt there couse its lend out... then you can i presume soon lend JPMorgan shitcoins?... lendception!!

Theo_Dench Remember I told you about this sometimes early last year, while we were working on it & that people will confuse it with bitcoin (of which is trash)?! Interesting times.

Do you wish to earn $500-$1000 with just a little investment? When you trade on binary options, Ask me how today! inbox or WhatsApp +16104820405

But $xrp is the standard? 🤣

Trash

They are just salty that they missed out on scamming more money off average individuals

...... Another fiat currency.

I wonder what happened to the 21 trillion that went missing maybe Jamie Diamond and his cronies stole it. I make a bet that Chase's crypto currency will go missing.

Lol no understanding Why this was invented but thx for the ...Push 🤙👽🤙🌎

RIPplecoin lol

Equivalent to a show biz token

Club-insecure.

Does’t this completely negate the purpose of crypto? 🤔

'Tomorrows news today.' - James Bond $OCN $TRX $DATX $ADB $ETC $BTC OCN TRX DATX ADB ETC BTC Bitcoin ETH XRP JPM $JPM JPMcoin jpmorgan chase Blockchain

Great. By one of the shadiest companies around. What could go wrong?

Oh how the turns have tabled

Will it even be a real cryptocurrency? Or more like xrp?

Sketch

Oh boy mikey_nunchucks is going to go nuts deuce0415 mikeyg114

lommybast

We don’t want centralization... The entire point is p2p.

Won't transform anything

So they lied about blockchain then? Frauds being frauds.

Illegal, arrest

screw him and his bank !

CRYPTOCURRENCYYYY?!

Gonna be a disaster.

jpmorgan you’d be better off printing more money, not backed by anything other than trillions of dollars of debt the world is already in, than developing this pile of shit ‘coin’. Decentralization is the future when the world market eventually collapses.

HACKERS: FIRE AT WILL!

White guy paints himself black and harassed black people

Think of how easy it will be for them to launder money now. Much to public with Bitcoin.

XrpYoda The hipocrisy coin!

And so it begins...

Onwards buy bitcoin!

Bitcoin Bubble 2.0 brewing?

Dude is so full of sh!t it doesn't make any sense. All that fud he was spreading all the time he was probably loading up on $BTC $BCH

XRP

No, thsnk you

No it won’t. It’s not a cryptocurrency in the same way XRP is not one. This is a click bait title which is misleading.

Easy $6 trillion is about to pour into the crypto space

Jpmorgan underestimated the stupidity of the fools in the crypto space. Obviously he could not pass up the opp. for easy money. Jamie simply had a cnbc moment.

time to load up the bag 🤑💰 Bitcoin going to the moon

Don't do it. Unless u have stacked a huge amount of security around it. Or u have good insurance. Is this going to be fdic insured? If so. Did everyone sign up for this. Didn't see this option on my tax returns.

HiveBlockchain $ETH 🚀

Was he against crypto currency? Well I guess this common day democracy! The super wealthy does again!

CEO is a hypocrite

Tim Crook will be the nail in crypto because it threatens his business model. Sound money is unbiased to the holder. Crypto is no.

jimcramer jpmorgan WIRED nytimes Hmm.... Didn't he say bitcoin was a scam? 🤔

Where do I sign up?

MichaelPollick I wonder who will hold your private keys? Hmmm. Crypto lite... where it's the same as it was, reducing their labor costs while still providing shitty service.

It can't do what curecoin and foldingcoin can do (... help cure cancer, Alzheimers, HIV and ebola) HT jpmorgan

🙄

Fed Res. KNOWS it's days are numbered. Ppl are learning that PRIVATE FAMS RUN the Fed. WTF?! Yup. So Ppl r starting 2 ask WHERE'S THE GOLD in Fort Knox? It's stolen In order to FORCE Ppl into NWO, the 'CANT buyNORsell' with/out it chip, based on 0 worth $, USA moving to CRYPTO

seems like crypto is here to stay. AirAsia jpmorgan are using them

This is big.

I will be closing all my chase accounts tonight. We don’t need banks creating their own money.

Not even real. Just using blockchain as a contract with existing fiat. Not the same as bitcoin. Wait till their current service providers figure they’re not getting a cut anymore. It’ll just die on the vine.

Lol fun

Mark of the beast coming soon

It will not be a “cryptocurrency” at all.. it will be centralized bankster scam trash. Just like the USD...😉 discard.

Challenge the System ResourceBasedEconomy

lol. This is the exact opposite of why bitcoin was created.

And absolutely no-one in the replies read the article. Stay classy, Twitter

Beware! This is based on a blockchain that is not open, not distributed and not based on a decentralized platform of trust.

Scam Bank

JPM Coin = Just Print Money Coin

vladstocks thoughts?

After all that shit talking and FUD spreading articles you release your own shitcoin 😩🤦🏾‍♂️

Did they just officially announce crypto round 2? 👀📈

Completely destroys the whole purpose of cryptocurrency

Sickening ! 😡😡

After trying to discredit Bitcoin? FOH

Trying to keep centralized shit relevant .....

We have ripple for that

brockpierce Will it be freely available for trade? Tether and xrp mutant

'I'll fire anyone playing with crypto'

Is there any reason why we should trust JP Morgan oh my God nothing but nefarious acts the fleecing of citizens wealth corrupt to the bone

👀😳

Mainstream adoption!!!!!

Remember who said crypto is a scam?

Can some please explain what this mean

yes! Anyone is frauds if not made by a us owned corporate.

*kleptocurrency* Pretty soon we'll all have points on a card to buy everything. NO.

El_Philthmoor

Costs of maintaining their own crypto will make adoption difficult

Hahaha

jpmorgan Ever heard of ecoin? You may want to study up on it. MrRobot

Let’s trust the guy who manipulated the price of bitcoin for his own good 🤣

ToriNicksWho 🧐

But y’all won’t allow dispensaries to deposit money.

Good thing we have actual adoption and real problems being solved with blockchain technology. Governments and major businesses are already using LTOnetwork $lto and you haven’t even heard of it yet. Don’t sleep on this.

This is why they wanted to downplay all the other cryptos.

the greediest of the banksters!!!!

brockpierce

My prediction for JPMCoin - easy regulatory approval from the SEC, proving how things actually work in this country

JP Morgan the next Bitconneeeeeeect!! SHITCOIN SCAM

Isn’t this contradictory to the whole point of crypto?

So who developed their specific crypto currency? In house or a contract?

WHAT?!?!? Jamie Diamond must be a drug dealing liar! isnt that what he said about cryptocurrencies and investors.

The privileged coin👎, set off to the dinosaurs.

Scam

Christ.

I'll NEVER own this shit coin

j_b0gie

pascalguyon Isn't a banks crypto an oxymoron

SEC_News

This the moment u realize cryptocurrency is another monetary disaster

Transform into what?

Don’t trust it.

pascalguyon Jp Morgan . Will sell you shit . But change its name 😖

Most overrated and overpaid banker on planet earth

If investing in cryptocurrency wasn’t speculative enough to make you run for the hills, the fact that a major bank has figured out how to make money selling this speculative product should.

centralized scam

This is crazy if you agree follow me

A lot of people are criticizing this, but 'JPM Coin' is meant to serve a completely different user than Bitcoin. 'JPM Coin' is meant to serve the bank. Bitcoin is meant to serve the people. Manage your expectations.

Do not buy this

And there it is, just as bgarlinghouse said, “The crypto revolution will come from within the current banking system, not outside of it looking to replace it.” He understood how blockchain would really be used to fix and improve our current system. XRP Ripple BTC ETH LTC

CSW has a patent on this technology lol

Hysterical ... after all the we won’t, employees will be fired etc etc now launch internal currency! Other banks won’t touch it ... whoyougonnacall? Just call ripple and use XRP - it can solve an actual problem for you jpmorgan rather than this made up waste of time!!!

*it’s not a cryptocurrency.

Digital currency is good as long as he is in charge of it. 180

Does this affect the value of USD at all?

Nice, so JPM is going to take out SWIFT for us! Can someone please make a gif from the Brad Pitt movie 'Troy'. The part where he runs up and jabs the big guy through the shoulder. This is all I could find. Lets get this 1st banker coin out of the way quickly.

rwang0 Let’s say a new scheme for money laundering by the experts

_itsJamesoN 👀

That or JP Morgan is looking ahead because they are in trouble and they’re looking for growth

Talk about a 180

That’s got to be Pinocchio’s real life inspiration. I wouldn’t be surprised if his roots go back to being a relative of Bill Clinton’s.

There’s a bipolar manipulative psychopath liar! That’s the idiot that said about two or three years ago and again last year that crypto was a scam

You mean the first shitcoin by a bank

Do not buy this crap coin!

defeats d purpose of decentralization of currency by original cryptocurrency 😒

From the people who own everything trying to steal more get your children hooked on drugs steal your property to resale it and do it again no more bailouts the people want paid

That will ruin crypto, once it becomes centralized the purpose of its creation diminished.....

Good luck with that!!!

Sounds like the end of the world to me

DrChaseCastillo

fwdcrocblu Oh FFS 😐

NO SHIT !! After slamming Bitcoin. Hypocrite.

That's not how it works Grandpa no intelligent person is going to invest in JP Morgan Bitcoin LOL these banking cucks

Interesting isn’t that this new form of currency hasn’t brought more disdain? Oh, wait, Jamie gives the go ahead, it’s all good? Now, that’s frightening.

A banker issued virtual coin, backed by a paper note which is backed by nothing at all... not a scam at all

Disappointing that another scam coin that is centralized and controlled by bank is being rolled out. Just another money grab.

Shitcoinery at its best.

Uh oh.

Leave it to corrupt crooked shady jpmorgan CEO to do this

Hope they do better than jokes like BitConnect

Lol

WhatupKenny this is wild

JosemotaQ Would love to see a podcast discussing topics like this.

VibeHi One more thing conservatives will be banned from, gee thanks.

So they seem everybody else’s fake except for theirs? Cause corp wanted a piece of the pie? Smh

Here we go ! Jamie diamond describes crypto’s as fraud and now JP Morgan goes for it.

PonziCoin

Thank you for sharing and...

Holy shit MileHigherPod

Does anyone else find it unsettling that the financial institution that gutted the American economy, then took the tax payer dollars to spite them, are no releasing their own currency? We don't even have to try and imagine dystopia anymore. Welcome to the machine.

MrRobot

E-coin is really here. It’s all happening. whoismrrobot samesmail ItsRamiMalek

Didn’t JamieDimon from jpmorgan call Bitcoin a farce?

Why use XRP Ripple when the banks can just make their own shit coin?

Looks like 'they' must ' joinem' now. It was funny at first to make fun of crypto, keep the commoners distracted, not so anymore. Digibyte shall shine when this picks up steam.

This is like a macro brewer making craft beer

Shit coin

Shitcoin lol

. Jamie Diamon Is A Creep!!... First, He Was A HUGE (Big Mouth) Critic Of Crypto-Currencies & He Called Them Trash. Now, His Bank Is Creating & Using Them. What A Jerk!!!... Just Go Away!!! Can’t Wait For JD To Leave!!! . .

So let me get this straight. First he says in a interview that crypto currencies such as bitcoin are a fraud and he’s tired of hearing about them, but now he’s jumping in with JPM coin? What lol.

trx TRON Tronblockchain

Short JPMorganChase JPMorgan Chase Long BTC XRP xrpcommunity xrpthestandard

Ah, yes, banks doing their best to rob people.

Don’t go with banks. They bashed it so bad that the stock went way down...

Oh, the hypocrisy, 🙄

If you're terrified that Bitcoin is going to render you obsolete one day, launch your own shitcoin.😂😂😂 Good luck with that.

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maxkeiser stacyherbert Your opinion?

Hehhe silly indeed

Rolling rolling rolling

Life imitates art.

stacyherbert The revolution will not be CENTRALISED.

And this will be the cryptocurrency to rule them all until another big bank possibly does its own.....

HiveBlockchain A stable coin that can be printed infinitely like the US dollar is not innovation nor an evolution in money. Bitcoin has no central authority, can be transacted in a permission less system, and is limited and scarce. “Long Bitcoin, short the bankers.”

First you fight against it. Then you see, you can not avoid it. Then you make your own. classic history blockchain

They're missing the point of cryptocurrency.

It’s all fun and games until big corporate gets involved

Let the arms race begin

Just another way for the one percenters get rich off the common people in America!!!

😂😂

stacyherbert Love how he looks like a cat burglar in this...

Tweet: 'Trickle Down, Drip Funding, & now Crypto Currency from the tales of the Crypt! Nice. Reserve my Mausoleum, Lol. ;-)'

Of course they are

😎

brockpierce Wait I thought he was against crypto, you know a bubble.. 😂

Jamie Dimon - Crypto and bitcoin is a stupid idea and scam Also Jamie Dimon - buy my new shitcoin

VibeHi Boooooo! Stop attempting to co-opt the revolution. If it ain't decentralized crypto we don't want it!

stacyherbert Hope this will help preventing the future “London Whales” Oh wait, it wont as the coin will be centrally controlled and (potentially) manipulated. JPM you only have ONE choice - anchor to Bitcoin Blockchain 🚀 Dont worry. You ll come to that ...

ReturnonSociety WeNeedMoreOfThat 🦋

Let’s make a bigger group of money and make even more interest off ppl and all this money “no one can see”. Brilliant.

XRP .... good bye... lolz ahahah it was nice knowing you lolz ahahha😇

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Well, of course.😈

Rest assured anything involving Jaime Dimon is BAD for America.

jpmorgan

Time to bail out of that companies services

Not the payments industry, just payments inside JPMorgan. HUGE difference

Remind again me what Dimon thought of crypto? Similar to what Goldman thought about MBS CDS’s? 😂🤣😂🤣😂🤣😂🤣😂🤣😂😂😂🤮🤮🤮🤮🤣😂😂😂😂🤣🤣😂😂😂😂😂😂🤣🤣😂😂🤣🤮

I don't want the US Government bailing out JPM when this eventually goes to shit.

Here are some alternate names for JPMCoin - The Number of The Beast Coin - Highway to Hell Coin - Coin 666 - Satan’s Currency - Demon Dollars $BTC $LTC

No one will 'MADOFF' or 'Kushner' us out of our money?

Bitcoin is the ultimate shitcoin, what don’t you all understand!!!

Xrp baby.

A quicker way to steal your money.

F*uck JP & all their evil cronies. Crypto was started, in part, to remove them from the equation. They're desperate to not become obsolete.

The co-option continues.

The hypocrisy

They will get hacked.

Well I 4 sure wont be buying their shit coin. The purpose of blockchan tech is 2 cut out the banks. I hope others dont support it. 🖕🏽To Chase & all the other banks trying 2 take over blockchain technology. They bad mouth Bitcoin & now want 2 get in the game. FOH!🖕🏽Hypocrites!

Jamie's Philosophy!

PuppetMaster888 Next up .... Buffett Bucks! 😜

I guess it is different in lots of ways but to me it's no different than me putting cash into my PayPal account

Progressive and smart.

This is absolutely great news for the bridge asset XRP ! It's good in every way for the number 1 bridge asset XRPTheStandard when settlement is needed. xrptheleader

A currency with wild fluctuating values, unreliable means of storage, few ways to spend it, potentially enabling criminal behavior. What’s not to like? Oh, yes, nothing. I which JP luck.

Use for reference

JP Morgan stock has lost 6.2 percent this week so far. 'If it reacts well, that could help an oversold bounce. Right now, it's not pricing in perfection or a beat. The stock got hit pretty hard.

Is this just another way to rob us?

Hey big banks would you use jpmorgan token or ripple the young company Let the war began and the winner take it all btcdigitalgold

brockpierce Gtfo

Soon all the banks will issue their own fiat shitcoins. Don’t fall for it, they just want more of your precious $BTC. Just like the FED prints fiat out of thin air to buy your time and freedom.

brockpierce AdriansApproach _tonymoontana

When you beat them, join them.

Interesting turn of events

Interesting 180 degree turn on Crypto by Mr. Dimon. Clearly his public blasting a short time ago were defensive actions, while he was having a team of people working on how to compete in the space. All good.

“I can’t wait to get some $JPM coin!”- said no one. 😂 Damn starting to feel bad for $XRP fan boys.. first R3 partners with Swift and now this.. looks like their only use case is dumping 500 Million coins every month on the market to raise money for Ripple 🤦‍♂️

ramondurazo

Let me guess...XRP?

By the company who claimed it would never happen.

VibeHi Y'all late boots..

Rip xrp

VibeHi Hell yeah Dimon railed all the suckers in talking crypto down etc and did the opposite... awesome business move

But bitcoin already exists

After criticizing Bitcoin for years, JP Morgan Launches its own Shitcoin

MicorEkzema

This might be the dumbest yet. An exclusive crypto with no global liquidity, no exchanges, but yet will grease the wheels of cross boarder money transfers. Jamie Diamond is ‘tech stupid’.

Marsmensch Wen coinbase listing?

Where can we buy JPM Coin? When moon? 🤑

kanemcgukin did Dimin call crypto a fraud

This should be a security, correct?

This is the kind of idea, that will drive the future of banking. When a detractor becomes a believer even in part, the idea has real merit. Crypto has a great future. Success will be in the details.

Can we now dump XRP, so I could get some mooooooore? Thank you

jpmorgan You should maybe rethink this...

Josh_Rager

I still use paper money, I like the feel of it

Lol toh tch tch you guys!

jp morgan scam coin 😂😂😂🤣🤣

mr_jettlife 🤔

When USD is not stable enough let's make our own stable coin lmao...

Nice

The $ is already used digitally. This whole Crypto thing is bullshit. The Fed is going to control the currency no matter what.

So it will be fully decentralized with no pre-mine, right?

😂😂🤣

If the supply is not hard-capped to 21 million like Bitcoin, if it’s not censorship-resistant like Bitcoin, if it’s not decentralized like Bitcoin, i it’s not the most accurate ledger in human history like Bitcoin, then.....you have your answer.

Anything involved with JP Morgan is probably criminal. Hard pass for me

Gimme some of that $jpm coin

INotoriousxrp 'rolling out' is an overstatement. JPM Coin is an internal-use stablecoin they plan on testing. 'retail investors will probably never get to own a JPM Coin'

Jamie was against it before he was for it.

What consensus mechanism are they using I wonder? Proof of Take (all your money in fees).

Still long bitcoin short the bankers APompliano right ?

Jamie Dimon 2017: Bitcoin is a scam Jamie Dimon 2019: Just about to ICO my JamieCoin!

INotoriousxrp Ok Ripple must then suck lollipops then is it!! 😂😂😂😂 $XRP. FUD FUD FUD. Impeccable timing CNBC Bloody media sucks!!! 😏

This is a trap. Cryptos are dead.

Remember that time Jamie Dimon called crypto a scam? What does this make him?

Missed the hype. JP shoulda done this a coupla years ago.

Sick, another effort to crash our dollar.

😂

Shitcoin. The Bitcoin basher now needs a strong rebuttal from the community. An opportunity to lambast him on Twitter.

Well, I guess, if they're successful we are going to head back to the time when banks used to print their own currency and end the federal government's monopoly on the issuance of money. Good times ahead!

Bit late to the party. xrp

the_cryptoeye It’s called: “ FRAUDCOIN”

$XRP to the moon!! I think NOT 😂

the_cryptoeye Ah ha....i thought he say bitcoin is a fraud. It seems like JP morgan is endorsing fraud coin with JP morgan coin. Seems to me they cant ignored bitcoin anymore might as well join the fun...lol

Dimon is a hypocrite, crook. Dump it.

the_cryptoeye 🌟⭐🌟APOLLOCURRENCY 🌟⭐ IS A STEAL RIGHT NOW💸💸💸 THE PRICE IS SO CHEAP AND ITS WAY UNDERVALUED. IN THE COMING YEARS THIS WILL SEE $1 IMO. DONT MISS OUT. ONCE IN A LIFETIME OPPORTUNITY crypto bitcoin ValentinesDay APL eth investments MoneyTips

Antivirus

Bitcoin copy?....... Next time silence...please!

Even if this would be the last CC I wouldn't use it! This has nothing to do with the idea of a decentralized sound money system!

digitalassetbuy

What a shitbag

Wasn’t he famously bearish on the whole idea?

Good to listen to

officialmcafee when coin of the day JPM coin

but wut aboot ripplecoin?

JumptuitNow

XRP fans be like... Dump it.

JPShitcoin

I feel like I've seen this somewhere before.......

Cue the conspiracy theorists on how the banks killed bitcoin... There's a netflix Documentary in there somewhere..

ekpethedragon Here come the big banks trying to keep the status quo to stay relevant.

hypocrite much?

Jamie Dimon once called Bitcoin a fraud. How things have changed. SMH

don't buy it. scammer... talked shit about the community and space. now want to promote his coin. DON'T BUY IT. SCAM ALERT!!!

It's called a shitcoin

bitcoin bad, JPM coin good

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