- This topic has 24 replies, 1 voice, and was last updated 1 week, 2 days ago by TheOtherCoolCat.
- Monday, November 21st, 2022 at 16:49 #408017Second_Week_of_2021Participant
Recently, the banking giant, JP Morgan officially registered and trademarked their crypto wallet, J.P. Morgan Wallet (TM).
According to the bank’s website, the wallet would be capable to automate an infinite number of payments through “Real-time Virtual Sub-ledgers,” suggesting support for different cryptocurrencies.
Furthermore, their website also suggests that their wallet would support some kind of rewards system to “Deepen customer loyalty with programs that incentivize them to keep their funds in your ecosystem.’
JP Morgan’s trademark filing is a big move for the bank, which has been vocal in its criticism of BTC and other digital currencies. However, the launch of its own cryptocurrency wallet could signal a change in attitude, and perhaps even a move towards creating its own digital currency.
[JP Morgan Wallet Patent retrieved from Twitter](https://preview.redd.it/u6vyasvbnb1a1.png?width=841&format=png&auto=webp&s=91b2d8df4f0cca46c0d658ae0231f14b1c9dc86f)Monday, November 21st, 2022 at 16:49 #408029Outrageous_Duty_8738
You can’t make this up one minute their ceo is condemning crypto and next thing J P Morgan having their own crypto walletMonday, November 21st, 2022 at 16:49 #408041TheOtherCoolCat
This is good and bad. We talk so much about decentralization and this isn’t that.Monday, November 21st, 2022 at 16:49 #408040letsgetyoustarted
If they make a cold wallet for sale it will probably be baller asfMonday, November 21st, 2022 at 16:49 #408039Scarecrow4980
JPMorgan talking crap about crypto for years, now saying, hey we got a crypto wallet for you…. umm, no thanks man!Monday, November 21st, 2022 at 16:49 #408038kirtash93
How unselfish. Jesus Christ.
I imagine he also calls his micro penis by its name, Big J.P Morgan.Monday, November 21st, 2022 at 16:49 #408037Just2Nomads
Never forget, criminals come in all shapes and sizes….
JP Morgan’s track record since 2000:
* Number of offences: 222
* Total paid in fines: **$36,129,269,434**Monday, November 21st, 2022 at 16:49 #408036gazman195
Yeah nah. Trust wallet or cold storage.Monday, November 21st, 2022 at 16:49 #408035DryCarpet4589
Our wallet*Monday, November 21st, 2022 at 16:49 #408034vicz90
Yes, because I can either have crypto (volatile) or cash in my Chase bank account. This is such a bad idea, but many will still do it. Will it at least be FDIC insured?Monday, November 21st, 2022 at 16:49 #408033Woowoodyydoowoow
He already owns the IP of MM now he’s making his own wallet?Monday, November 21st, 2022 at 16:49 #408032Low-Opportunity-3447
Something fishy with this whole JPMorgan wallet businessMonday, November 21st, 2022 at 16:49 #408031Tavionnf
This looks like some document about steam trains from the 1870sMonday, November 21st, 2022 at 16:49 #408030bootstr8
I think we all want a wallet with someone else’s name on it.Monday, November 21st, 2022 at 16:49 #408028skunkyybear
They created their own currency awhile ago… it’s been lack luster to say the least. They are just trying to catch up to their competitors like fidelity who launched crypto trading of ETH and BTC for their customersMonday, November 21st, 2022 at 16:49 #408027stampyvanhalen
Nice. I hope the hackers aren’t working to break that wide open ASAP.Monday, November 21st, 2022 at 16:49 #408026CreepToeCurrentSea
Maybe it needs help with branding.Monday, November 21st, 2022 at 16:49 #408025Ima_Wreckyou
That’s really what we need now, more proprietary corporate owned garbageMonday, November 21st, 2022 at 16:49 #408024Spicoli007
Probably bashed BTC and crypto past several years in order to load their bags and essentially create their own investment platform for their customers.Monday, November 21st, 2022 at 16:49 #408023sjejsb
so this is who we’ll be taking up complaints to with regards to our shrute bucks and stanley nickels CBDC?Monday, November 21st, 2022 at 16:49 #408022MikeLitoris5
Yeah, I’m gonna have to pass.Monday, November 21st, 2022 at 16:49 #408021pizza-chit
Bad idea #1: Keeping your crypto on a CEX
Bad idea #2: Keeping your crypto in a wallet owned by a bankMonday, November 21st, 2022 at 16:49 #408020Bladeyy21
Didn’t their CEO call crypto a ponzi scheme?Monday, November 21st, 2022 at 16:49 #408019Inner_Calendar9650
Hmmmm JP Morgan…… My own Custody Wallet… JP Morgan…. My own wallet…. HMMMMMMMMM. IDK SEEMS LIKE A TOUGH DECISION!Monday, November 21st, 2022 at 16:49 #408018EdgeLord19941
So it’s completely centralized and custodial? Way to go against everything crypto stands for
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