Too Long; Didn't Read
Since the announcement of JPM Coin, I have seen the full spectrum of reactions. From comparing the coin to Schrute Bucks đ” or V-Bucks (the Fortnite videogame currency) to claims that JPM Coin will become the âgold standardâ of cryptocurrency because âThe Manâ has taken the best part of decentralized technologies and internalized it for their own gain. It quickly became challenging to discern facts from reactionary opinions meant to guard a previously held position, so I decided to go do some digging of my own. Iâve read through J.P. Morgan Chaseâs statements on JPM Coin, dove into the Quorum Protocol Whitepaper (the blockchain protocol on which the JPM Coin will initially reside) and investigated the J.P. Morgan GitHub for clues on potential next steps.