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0.00156219488381172 0.00156219488381172 0.00156219488381172 0.00175746924428829 0.00244092950595587 0.00185510642452644 0.00205038078500287 0.000781097441905861
Stock impact report

Cryptos: JPM Coin is not a cryptocurrency, says crypto advocacy group [MarketWatch]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: MarketWatch
JPM Coin is not a cryptocurrency, says crypto advocacy group On Thursday, the crypto community notched a win when JPMorgan Chase & Co. announced it had launched its own cryptocurrency, the JPM Coin. But had it, really? According to Jerry Brito, executive director at Coin Center, a nonprofit research and advocacy center focused on cryptocurrency and decentralized technology, the U.S. banking behemoth did not actually launch a cryptocurrency but more an in-house-built payments system. â??Thereâ??s a lot of confusion,â? Brito told MarketWatch. â??I see folks referring to it as a cryptocurrency. Itâ??s not a cryptocurrency. A cryptocurrency is one that is open and permissionless, if you want to download it, you donâ??t need permission; you just need some software.â? And the JPM Coin is anything but permissionless or available for download. It will run on a private blockchain developed by the company with help from the Ethereum Enterprise Alliance, and coins will be issued by the bank, a Show less Read more
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