Press Releases
By Maheen Hernandez
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On Thursday, JP Morgan announced that they had created the "JPM Coin." This is an XRP like digital coin token which will be used to settle transactions instantly.
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Roubini quickly tweeted about how the JP coin was a stable coin and not a cryptocurrency. He tweeted: “In which way has the new alleged JPMorgan crypto-coin anything to do with…
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However, JP Morgan provided a clarification that this new asset type was a “Stable Coin” and not a cryptocurrency. It provides for 1:1 redemption.
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Brad Garlinghouse, the Ripple CEO disagreed with the use cases of cryptocurrency. He stated that the project misses the point by tweeting: "As predicted, banks are changing…
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According to Garlinghouse, XRP is the best shot that can genuinely help to bring payment systems into the modern era.
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Joe Weisenthal, stated, "He fails to see Ripple's XRP compete with the forthcoming JPM coin."
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Regardless of all criticisms, JPM coin is set to move into the real-world trials in just a few months.
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Umar Farooq, the blockchain lead at JPMorgan states that there are three main use cases for the bank token like replacing wire transfers in international payments for large…
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It has as well been made clear that JP Morgan will not just back the greenback. The limited access factor about only institutional players will be able to transact remains…
The Currency Analytics
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