slavaan Posted April 4, 2019 #1 Posted April 4, 2019 The big bank JP Morgan is probably the biggest example of how the traditional financial world is finally aligning with the cryptocurrency market. First the bank went against Bitcoin, and now it has issued a digital currency of its own. https://all-stocks.net/featured-jpmorgan-isnt-flip-flopping-on-crypto-because-jpm-coin-isnt-a-cryptocurrency/ So yes, maybe JPM Coin is not a cryptocurrency because it's not fully decentralized but the fact that JP Morgan launched something similar just shows how scared the banking world is of cryptocurrencies.
Xylber Posted April 4, 2019 #2 Posted April 4, 2019 I think it is a cryptocurrency, centralized or decentralized, private or public network are just categories of cryptos. The reason because all (or the majority) of cryptos are decentralized is because the philosophy of taking away the power of the bankers to have the power to create money privately.
Kate Posted April 6, 2019 #3 Posted April 6, 2019 A bank against something at first and then they suddenly get a mood swing and change their opinion ? Certainly that bank has found some way to make money of it.
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