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They laugh at you first and then you win. JP Morgan created his cryptocurrency

The full version of this quote attributed to Mahatma Gandhi is: "Ignoring you first. Then they laugh at you. They fight with you later. Then you win. " Like a glove this fits into the cryptocurrency.

The banking community has long been sweeping cryptocurrencies under the carpet or even predicting their inevitable collapse. One of the largest apologists of fiat currencies is Warren Buffet, which is in the forefront of the richest people in the world. Buffet is known for saying that he will never invest in cryptocurrencies and that he will meet "very bad end".

The head of JP Morgan, Jamie Dimon, spoke even more bluntly.

I do not care bitcoin (...) It will not end well. Someone will be killed - he said .

He also added that bitcoin is a scam, for which he was repeatedly criticized. Meanwhile, the world has been circulating the news that ...

JP Morgan created his cryptocurrency

His name is JPM Coin, and his course is to be tied to the dollar. Thanks to this, cryptocurrency will avoid value fluctuations characteristic for this market. The money deposited in the bank can be converted into coins and then transferred to the clients' hands.

However, only large companies will benefit from JPM Coin, not individual customers. It will help especially large corporations with many branches around the world, which will be able to transfer their funds between branches. Bank transfers take even one day. Sending a blockchain value will take less than saying bitcoins . This is just a message of information.

Banks are convinced by the blockchain

It must be remembered that although Jamie Dimon is an opponent of cryptocurrencies, his institution has long considered the potential of using the block chain technology in banking. Bah! JP Morgan even bought stocks of bitcoin-protected companies, although Dimon declared at the time that he would dismiss the employee for trading crypto.

Polish banks are also watching the blockchain. Alior Bank uses it to send information to clients. Thanks to the use of so-called a digital notary public can confirm that Alior is the author of the message, and this one has not been manipulated.



They laugh at you first and then you win. JP Morgan created his cryptocurrency

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