Well that was a turn of events. No longer are banks bad mouthing crypto but now they are making their own. I guessed they would have to issue crypto at some point as it would save them a lot on fees (especially internationally) and it looks like that time has come. JP Morgan is the bank and they are making the JPM coin that is pegged to the use dollar.
JP Morgan Chase is the biggest bank in the US and this literally tells the world you need to crypto to compete. Other banks will be sure to follow in order to compete and this should lead to more people talking about the benefits of the industry.
Now all we need is for them to accept other coins and use their coin as a way to trade and we are good to go.
here is the link for more info:
https://www.cnn.com/2019/02/14/investing/jpmorgan-jpm-coin-cryptocurrency/index.html