Japanese major bank JPMorgan issues its own cryptocurrency "JPM Coin"! Shocking shift from the "Bitcoin is a scam" remark
JPMorgan Issues Its Own Cryptocurrency "JPM Coin"
CNBC reports that JPMorgan Chase, a globally renowned major bank headquartered in New York, USA, has issued its own cryptocurrency.
The own currency is named "JPM Coin," and this is the first time a domestic bank in the United States has issued its own currency.
When it comes to JPMorgan and cryptocurrency, the previous remark by CEO Jamie Dimon that "Bitcoin is a fraud" caused a stir.
Therefore, JPMorgan was thought to be skeptical toward cryptocurrency, but now that it has issued its own currency, there is growing expectation for how JPMorgan will change its stance and what the future holds.
With a globally famous bank issuing its own currency, how will it be used, and what impact will it have on other banks in the United States and banks around the world?
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