Ripple (XRP) Price Break-Out, Up 9.1 Percent

[AMANPURI OFFICIAL INDONESIA]

Ripple (XRP) Price Break-Out, Up 9.1 Percent; Brad Doesn’t Understand JPM Coin Value Proposition

Latest Ripple (XRP) News
Ripple Inc is doing everything they can to ensure that end users reap max benefits of speed, efficiency and trust. Long plagued by exorbitant charges, high latency and even failure, Ripple Inc three main solutions rely on the blockchain. Blockchain being a distributed, decentralized and trustless ledger where transactions are verified via mathematics is no doubt shaping and disruptive.

Read: Switzerland SIX Exchange’s Amun Ripple XRP ETP Ready To Rumble Come April 2, 2019 Launch

It may be because they are protecting their turf now that the world is increasingly shifting towards a trustless digital world that JP Morgan and Chase hatched their cryptocurrency, JPM Coin. While talking to Fortune reporters, Brad Garlinghouse said:

“If you told me two years ago that the guy who called Bitcoin a fraud was launching a coin, I would have said you’re on Market Street sniffing fumes.”

On a number of occasions, Brad is skeptical of the private coin because he “don’t understand the value proposition of JPM Coin.” He’s unfazed and in a previous conversation he maintains that the rise of bank churned stable coins will create more chaos in an open source network where the number of cryptocurrency-issuing projects is hitting the roof.

Also Read: World Bank Praises Ripple and xRapid in a Recent Report, 40-70% Savings and Fast Fund Transfers

“This guy from Morgan Stanley was interviewing me last week, and I asked him, so is Morgan Stanley going to use the JPM Coin? Probably not. Will Citi use it? Will PNC? And the answer is no. So, we’re going to have all these different coins, and we’re back to where we are: there’s a lack of interoperability.”

source: https://bitcoinexchangeguide.com/ripple-xrp-price-break-out-up-9-1-percent-brad-doesnt-understand-jpm-coin-value-proposition/