Jamie Dimon: JPM Coin may be suitable for mass production

the in the opinion of JPMorgan CEO Jamie Dimon to a promising future is the new crypto currency from his Bank. So it is possible that the JPM Coin will make its way only into the world economy level, but also to the masses, and thus for consumers. At the beginning of the month, the major American Bank had announced to want their own crypto currency with major customers in the economy.

By David Barkhausen
On the 27. February 2019BTC$3.807,66 0.13%part Facebook Twitter LinkedIn xing mail

at the beginning of February, the JPM Coin was little more than an ambitious announcement. This week, again, Jamie Dimon predicted already Large.

At the annual investor day his Bank in New York the CEO of JPMorgan, on Tuesday, 26.02 advertised, for the potentials of the new crypto-currency. In his view, a promising future lies ahead for the JPM Coin. As reported by CNBC, was Dimon to investors and shareholders confident that the tokens are in the future to the masses, and thus also for the consumer usable.

The JPMorgan Coin could internally, commercially and will one day be used by consumers,

so his assessment in the context of a Q&A Session.

Nor is expected, however, that it is in Dimons designs are pure speculation. Because on the one hand, the Bank reported on its Website that there were no plans, the JPM Coin in the mass market. On the other hand, announced in February, test scenarios are entirely from the daily grind of possible individual events resolved customer.

the Bank expects the possible application in the settlement of transactions, the issuance of securities, as well as the use of as an alternative store of Value against the US Dollar. Currently, JPMorgan is testing the Token with some major customers in the economy. Here is the the Dollar-funded Token is to serve as a digital bridge and so transactions are faster.

Read also: Bitcoin is fundamentally on the rise

From Saul to Paul: it seems that the

With his recent Comments seems to be the purified Jamie Dimon, meanwhile, the turnaround succeeded. Until recently, the 62-year-old was regarded as a staunch crypto-skeptics. In the high phase of the global Bitcoin-boom in September 2017, for example, he had referred to the crypto-pioneer as a "fraud" and this will soon be over predicted.

In recent months, in turn, Dimon took more and more distance from his destructive judgment. Most recently, he had been at the world economic forum in Davos, with conciliatory tones to a stir: in the light of the Bitcoin descent he was feeling "no satisfaction". Rather, the Blockchain had, as a "genuine technology" about the actual potential, so Dimon in January. This seems to take JPMorgan, the JPM Coin now decided to target.

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