JP Morgan to pwn XRP?
XRP was coin for banks to transfer money fast etc.
Now JP Morgan makes JPM, coin for fast international transfers, only for big compoanies that meet some rules.
1 JPM will be worth 1 USD, just like all stable coins are.
XRP Markets
CRYPTO INCOME GUIDE EBOOK - FREE FOR LIMITED TIME - DOWNLOAD HERE
Join My Official Discord Crypto/Steemit Group - https://discord.gg/Ma3VCxj
Follow, Resteem and VOTE UP @kingscrown creator of cryptocurrency blog for unique news, tips and mailing list specials! |
|---|
I said it months ago XRP is a dream there is no way banks would ever give up their control to some 3rd party blockchain called Ripple lol. If anything they would of made them feel warm and fuzzy and steal all the tech and build it themselves. Guess what, its exactly what they did. Banks are rather predictable
Yes they are...That´s why we will win. We are a smarter generation, as next the will be better than ours...It´s called evolucion XD
Every banks with their own coins. Maybe every company with their own coins. Companies would like it if they can circumvent the current trading law in the stock market.
Thanks for sharing! Blockchain is the future!!
Posted using Partiko iOS
Shitcoins.
This is an interesting coin... it may be the only stable coin that may be able to stay stable... as long as the FED is going to be backing them.
However, i won't have any confidence in this coin, as i am sure that i won't be able to watch the coin creation or to know that my coins won't be bail-in'd
That's contradictory by itself ;)
Posted using Partiko Android
Not really.
If the token is backed by the FED, then there is always liquidity to pull out US$s
However, since JPM has been known to do poor bookkeeping.... err accounting slight of hand, i would expect them to slip themselves a few extra JPMcoins whenever they felt like it.
Thus, they would be pegged to the US$... until they imploded.
All the while, JPM was inflating the US$.
And we probably won't get to see the code that shaves off a % of every transaction for JP.
FED = backed by debt = not backed by anything. No proof of whatsoever, just like printing money out of a vacuum. Will certainly have a bright future, just as the FED has ;)
Posted using Partiko Android
I have a hard time thinking that another bank will want to use the JPM coin. Not sure it will replace XRP. Thinks banks would rather use third party then use competitors coin
There is no competition in banking they are all owned by one - look at page 17 in this peer reviewed doc: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0025995
good invite you to go through my blod and give me a grain of sand. Thanks, good day to you
Hi @kingscrown!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 7.270 which ranks you at #67 across all Steem accounts.
Your rank has dropped 1 places in the last three days (old rank 66).
In our last Algorithmic Curation Round, consisting of 216 contributions, your post is ranked at #7.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
Hmmm, well I'll be damned. I guess I really can see the future 🤔🤯