J.P. Morgan Chase will be the first major U.S. bank to create its own cryptocurrency. In trials set to start in a few months, a tiny fraction of the $6 trillion the bank lends to corporations will happen over something called 'JPM Coin.' The digital token created by engineers at the New York-based bank to instantly settle payments between clients. CNBC banking reporter Hugh Son breaks it down.
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Francisco Gimeno - BC Analyst Do we really need to ask the difference? BTC was made as an alternative to the corrupted bank world. JPMCoin (in reality a token only for investors in that Bank's realm) is a tool which shows how Banks are starting to move to control the field, and eventually (we hope) failing. News of JPM are not as important as those we have already heard from financial companies like Fidelity etc. JPM Coin? Please, don't even compare it with BTC.