Thanks for the overview. I have a few theories on what JPM is doing with their coin:
- Driving investment away from BTC so they can keep the price falling and swoop in to get a big investment for cheap.
- Attempting to dupe people into thinking they're forward thinking by using "the blockchain."
- Attempting to replace Ripple and become the global intermediary for all financial institutions.
- Actually using their new coin as a way of improving international banking.
Only time will tell if this product actually achieves significant usage levels, or if it's simply an experiment for JPM.