JP Morgan hit out on the permissionless decentralized Bitcoin on public blockchain
Then now tries to issue its own cryptocurrency which is most probably permissioned and centralised on a private blockchain, which is nothing more than a distributed spreadsheet.
Anyway I am most delighted to see JPM having to swallow back its own spit!
Yessss!
JPMorgan Chase to Launch ‘JPM Coin,’ Using Crypto to Speed Settlements
A surprise move by JPMorgan Chase will see the bank, whose CEO is an historical Bitcoin skeptic, issue its own cryptocurrency
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