JPM Coin

JP Morgan just created their own digital currency.  It differs from other cryptocurrencies because it is redeemable 1:1 to the US dollar, and it can't be converted into other cryptocurrencies.  It is meant only for making transfers, not for holding.  Wolf Richter reviewed it.

I think this is the next logical step. Probably every major bank will copy this.  At some point the Federal Reserve may make its own FedCoin.