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LATEST CRYPTOCURENCY BUSINESS NEWS....JPMorgan Buys Bitcoin-Bullish 'WePay' in Rare Fintech Move + Some Under-priced Coins

Image result for JP MORGAN OFFICE  LOGO

Global financial giant JPMorgan has bought payment network WePay in a “rare” fintech acquisition aimed at JPMorgan’s four million business customers which it wants to be able to accept payments “faster,” Bloomberg reports.

The bank has made headlines several times over the past month after its CEO Jamie Dimon called Bitcoin a “fraud,” only to U-turn on his comments and “not talk about Bitcoin anymore.” At the same time, senior executive said the company was “open-minded” on cryptocurrency and Blockchain.

WePay has hinted at a markedly different stance, CEO Bill Clerico saying he was “bullish on Bitcoin” as far back as 2014. “As a protocol it will survive & as the tools in payments evolve it will grow,” he tweeted.

“This is the first acquisition we’ve brought of this kind,” Bloomberg meanwhile quotes JPMorgan merchant services CEO Matt Kane as saying.

“Small business across JPMorgan is an enormous strategic focus for us. We know it’s the lifeblood of the economy as well as one of the biggest growth sectors that we have.”

The move comes the same week as IBM announced it was using Stellar for its Blockchain-based international payments solution, something which has piqued the interest of major banking players.

FIRE:  Here are some  under-priced currencies that may bubble in price at time.

CURRENCY                                     CURRENT PRICE

CLAMS                                               $4.00
Falcoin                                               $0.592452
Ethereum Dark                                   $0.336767
SpreadCoin                                        $0.379812
Litecoin Ultra                                      $0.015341
WomenCoin                                       $0.007643
B3Coin                                              $0.004989
Applecoin                                          $0.001286
Veros                                                $0.000023
Embercoin                                         $0.000023
DimeCoin                                          $0.00006

This is my perspectives on the market, all things being equal.  It is not an investment advice and it is not a forecast!

Friend, Jesus came looking for you. Give your heart to Him, Love the Lord with all your heart, strength and might.  Love your neighbour as yourself, hold no offence, no bitterness - the Lord is near you to help you!


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