Last week JP Morgan unveiled their plans for a proprietary coin that would help institutions with cross-border payments. While Jamie Dimon has questioned Bitcoin's legitimacy in the past, it seems he is taking steps to make cryptocurrencies more attractive to his risk-averse corporate customers. JPM Coin, will be controlled by the bank and each coin will be backed by a dollar in JP Morgan accounts. This gives the coin a more stable value and helps avoid wild price volatility. We at Hehmeyer Trading + Investments asked a few of our industry friends what they thought of JP Morgan's most recent move.
Nicole Kalajian from Stradley Ronon thi...