JPMCoin is not cryptocurrency
"Bitcoin Price keeps increasing recently after news of JPMorgan puplished his own crypto coin. The purpose is to boost trading speed among traders" - According to comment on Bloomberg.
According to analytis of Etoro Mati Greenspan, "The purpose of some people is JP Morgan using Distributed Ledger Technology and they call them are cryptocurrency that might cause positive influence on this field.
JPMCoin of JP Morgan is totally different from bitcoin about function and platform. The matter is calling JPMCoin being a crypto coin.
JPMCoin is attached with USD currency, which has stable price. Banks will use it for pay of customers. Moreover, it also being used for digitalize stocks such as shares and bonds.
JPM is totally different from Bitcoin. It was build on seperate blockchain. It requires the right to use. Its cost is attached with fiat money. It is depened on the third part who was trusted.
That are all matters that bitcoin fighting against
