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on February 16, 2019
JP Morgan recently announced they are producing JPM coin. Media outlets and people are in a frenzy. A fud article titled by Barron's reads, "JPMorgan Just Killed the Bitcoin Dream" has upset a lot of cryptocurrency supporters.
The reality is that the JPM coin can be sumarized as, "the same shit, on a different stick" and will likely have little to no impact in the general crypto space. JPMorgan's coin is simply a private centralized blockchain and is the opposite of what the cryptocurrency bitcoin represents. So what has changed? Nothing really.
All in all JPmorgan's announcement is a non-event in our opinion..