JPM Coin: A game changer or just another addition to a sea of stable coins?

Back in September, I wrote about the Cross border settlement mechanism, when I compared three systems being used widely around the globe – SWIFT, RippleNet & BWW. The former is the age-old system still used by the traditional banks, Ripple (XRP) is the third biggest digital coin by market cap ($13.3 billion) at the time of writing – used for the cross border settlement purposes by a growing network of 200+ banks in 27 countries. While BWW is IBM-Stellar joint venture competing directly with Ripple. More on these systems later, but for now a brand new player has entered the arena with plans…...