This is a good thing if crypto fintechs respond properly and work with regulators and traditional financial services for legitimacy, or lose your advantage. https://t.co/5XQI3plT8E … #crypto #cryptocurrency #cryptocurrencymarket #fintech #banktransactions #bankingreimagined

— Bob Bartleson (@BobBartleson) February 14, 2019

JP Morgan's JPM Coin will be a stable coin, meaning it will be pegged to the USD. The coin will be used to facilitate real time settlement and transactions within the institution. https://t.co/btTzK09BAm

— Werner Gruner (@WernerGruner) February 14, 2019

If it turns out that the Blockchain/Coin framework turns out to be a good one for banks transferring money around, then the JPM Coin should absolutely obliterate Ripple

— Joe Weisenthal (@TheStalwart) February 14, 2019

I keep saying, successful crypto technology is very likely to get there by slaughtering one or more of the sacred cows of crypto religion that hold it back.

Reactions from the interwebs suggest we have a candidate technology. https://t.co/C5quxZAKPn

— AOL Keyword: Parker (@pt) February 14, 2019

JP Morgan, the bank whose CEO Jamie Dimon has called Bitcoin a "scam" + said "I don't really give a shit about Bitcoin" is launching its own cryptocurrency.

When @TheBlock__ inquired a month ago, JP Morgan blockchain execs denied this was in the works.https://t.co/5fuKcVIizg

— Mike Dudas (@mdudas) February 14, 2019

So they're basically like Chuck E. Cheese tokens, for rich people? https://t.co/Ps1pMsRSku

— Clayton Cubitt (@claytoncubitt) February 14, 2019

#JPM new coin is not a #cryptocurrency! It's a #centralized #blockchain product for JPs #Institutional clients to move big money faster. Nothing to see here folks. https://t.co/FAG8TuoKWy

— Jonny 5... Is Alive! (@JonnyZutex) February 14, 2019

J.P. Morgan is preparing for a future in which parts of the essential underpinning of global capitalism, from cross-border payments to corporate debt issuance, move to the blockchain. https://t.co/UGzW5lbvH1

— Jesse Felder (@jessefelder) February 14, 2019

All I see here is a whole new wave of having to explain the difference between a closed, gated, system and an open, public, system https://t.co/yMWdY0NOQn

— Neeraj K. Agrawal (@NeerajKA) February 14, 2019

Dear JP Morgan. Cryptocurrency's raison d'etre is that it is decentralized. Signed, everyone who's read about bitcoin. #cryptocurrency #youdontgetithttps://t.co/AfrGfYw3Yp

— Iamthematty (@1andonlymatty) February 14, 2019

JPM Coin, a so-called stable coin JPMorgan plans for its clients to use in cross-border payments, may be a direct threat to one of the most visible blockchain companies: Ripple https://t.co/P41kO6iTJu pic.twitter.com/it9ZJrgTbm

— Bloomberg Crypto (@crypto) February 14, 2019

This was inevitable and I tweeted it years ago. Wait until governments learn to implement this and end any shred of privacy https://t.co/zWqUQRu3mS

— Live Monitor (@amlivemon) February 14, 2019

“This is a huge slap in the face for Ripple,’’ said @Shaughnessy119. “Ripple’s target market is cross-border payments and remittances and now JPMorgan’s effort is a direct threat.’’https://t.co/vAb67rg2kq pic.twitter.com/80qDJ8U061

— Frank Chaparro (@fintechfrank) February 15, 2019

JPM Coin is not a cryptocurrency, says crypto advocacy group https://t.co/1vcvBTGjcU

— Neeraj K. Agrawal (@NeerajKA) February 14, 2019

MarketWatch: JPM Coin is not a cryptocurrency, says crypto advocacy group https://t.co/z74muYG2qn

— Coin Center (@coincenter) February 15, 2019

JP Morgan’s new digital 'coin' is not a cryptocurrency, or even a stablecoin https://t.co/BT1546q61K

— TNW (@thenextweb) February 15, 2019

JP Morgan’s new digital ‘coin’ is not a cryptocurrency, or even a stablecoin https://t.co/idXGG7VbTs

— Neeraj K. Agrawal (@NeerajKA) February 14, 2019

JP Morgan’s new digital 'coin' is not a cryptocurrency, or even a stablecoin https://t.co/yCM1H8N88K

— TNW (@thenextweb) February 14, 2019

JP Morgan’s new digital 'coin' is not a cryptocurrency, or even a stablecoin https://t.co/V9lyIbvDrT

— TNW (@thenextweb) February 14, 2019