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If I am reading this right (and I am a newb at e currencies), JP coin is basically a payment processor, where balance is kept on blockchain. The coin value i
by 75dvtwin 8y ago
If I am reading this right (and I am a newb at e currencies),
JP coin is basically a payment processor, where balance is kept on blockchain.
The coin value itself is linked with almost no flux to USD.
But then, I do not see how it is different than
https://www.bitrail.io/ https://www.bitrail.io/ (and its new freedom coin: https://freedomcoin.cc/#more https://freedomcoin.cc/#more )
or
tether with 2bln market cap
https://coinmarketcap.com/currencies/tether/ https://coinmarketcap.com/currencies/tether/
what makes JP's offer more useful to B2B transactions than the above two examples ?
- roywiggins 8y agoAt a guess: JPMorgan is more reputable than either of those outfits JPMorgan has existing relationships with businesses JPMorgan understands business needs and can tailor their currency to them JPMorgan is a bank.
- jdmichal 8y agoOr, in other words, current coin offerings build workaround of such entities into their value proposition. But there's also a class of potential consumers for whom that might be an anti-value. JPMorgan seems like they're willing to test that potential market.