Why do banks use ripple bitcoin bloomberg article

In this wise, the JPM coin may not be in direct competition with other cryptocurrencies, but might steal the entire target market of Why do banks use ripple bitcoin bloomberg article. They are going to wipe the floor with Ripple. But, in spite of all these comments, the value of the popular cryptocurrency has held relatively strong. Travis Kling, the chief investment officer at Ikigai, echoed this sentiment to a tee. Then when the actual money goes through, the coins are destroyed, as they are replaced by the how much does it currently cost to mine a bitcoin whos using bitcoin cash. How is this even considered a competition? Next Article: Experts are thus understandably appalled. One of the strongest indicators that Ripple is a going concern is the dozens of customers it touts. For example, for a financial services firm to handle payments from the US to Guatemala, it how to cancel coinbase pending transaction how to find your bitcoin private key need to have liquidity in Guatemalan Quetzals in order to disburse payments. He went further to hint that other banks will produce their own form of coin like JP Morgan just did. The author does not own, nor does he intend to own, any cryptocurrency or other cryptotokens, neither long nor short. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world. Ripple calls this arrangement the RippleNet Accelerator Program. The crypto markets have undoubtedly been in an uptrend over the past several weeks goldman sachs invests in bitcoin what can you do with bitcoin once you buy it has Pump and dump schemes, of course, leverage the perceived value of the asset in question, not its intrinsic value separate from the speculative interest in the asset. In other words, Ripple is using its share of its free XRP tokens to build the illusion it has paying customers — when in fact Ripple is paying them, not the other way. Ripple and its go-to crypto asset, XRP, have long been a nuanced topic of discussion in the cryptosphere.

Cory Johnson Out As Ripple’s Chief Market Strategist

I believe the IMF had even encouraged them to do so. XRP is a cross-border settlement solution. This is so funny its unreal. That should have been known. Pump and dump schemes, of course, leverage the perceived value of the asset in question, not its intrinsic value separate from the speculative interest in the asset. Tony Spilotro 6 hours ago. IMHO I think that most banks eos wallet crypto bitbay paper wallet have to create a coin of their. Read More. However, Zagone is being disingenuous at best, as Ripple gets a say as to who can process XRP transactions, essentially making XRP a centralized, permissioned crypto. Then when the cex.io bitcoin cloud mining cloud mining pool money goes through, the coins are destroyed, as they are replaced by the money. I accept I decline. He suggests that the fiat-backed JPM best exchange for cryptocurrency how did you buy bitcoin in 2009 sounds to be far more appropriate for the customer-base Ripple is targeting. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world.

As of the time of writing, none of the organizations mentioned in this article are Intellyx customers. How is this even considered a competition? Unlike most crypto pump and dumps, however, Ripple takes numerous steps to obscure this basic fact. For XRP to work as an intermediate currency, banks or other institutions must maintain sufficient reserves of XRP in order to respond to requests for transactions. We use cookies to give you the best online experience. According to data from Live Coin Watch, the asset has posted a mere 1. The starting point in the chart above is the issuance of many billions of XRP tokens — essentially printing Monopoly money out of thin air, except that you can play Monopoly with Monopoly money. This is not news this is a click bait add , hope we will soon have a way to block all this garbage, Bloomberg Forbes etc. Keep hodling and watch how this pans out. However, Zagone is being disingenuous at best, as Ripple gets a say as to who can process XRP transactions, essentially making XRP a centralized, permissioned crypto. The answer, of course, is that it really makes money only one way: But, in spite of all these comments, the value of the popular cryptocurrency has held relatively strong. Then when the actual money goes through, the coins are destroyed, as they are replaced by the money. He lives on the internet. Two days, of course, is far from immediate — and may explain the poor reception to One Pay among Santander customers. Clearly, signing up Western Union to use Ripple would be a coup for the company. At least a dozen articles popped up in the cryptosphere questioning my sources — and perhaps my sanity — in languages as varied as Japanese, Spanish, and even Turkish. Intellyx publishes the biweekly Cortex newsletter , advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. He suggests that the fiat-backed JPM coin sounds to be far more appropriate for the customer-base Ripple is targeting.

XRP Holds Strong After JP Morgan ‘Slaps’ Ripple With Bank-Centric Crypto

Jason Bloomberg is president of industry analyst firm Intellyx. For XRP to work as an intermediate currency, banks or other institutions must maintain sufficient reserves of XRP in order to respond to requests for transactions. In fact, Ripple executives are only too happy to point this fact. Pump and dump schemes, of course, leverage the perceived value of the asset fake bittrex website donate bitcoin to charity question, not its intrinsic value separate from the speculative interest in the asset. Intellyx publishes the biweekly Cortex newsletteradvises companies better than antminer s9 biggest bitcoin mining pool their digital transformation initiatives, and helps vendors communicate bitcoin drop under 5700 find my coinbase address agility stories. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world. XRP is a cross-border settlement solution. He suggests that the fiat-backed JPM coin sounds to be far more appropriate for the customer-base Ripple is targeting. Unlike most crypto pump and dumps, however, Ripple takes numerous steps to obscure this basic fact. One of the strongest indicators that Ripple is a going concern is the dozens of customers it touts. Jason Bloomberg Subscriber. Rick D. Travis Kling, the chief investment officer at Ikigai, echoed this sentiment to a tee. As of the time of writing, none of the organizations mentioned in this article are Intellyx customers. Ripple calls this arrangement the RippleNet Accelerator Program. Weisenthal began his argument with the premise of blockchain becoming a more effective way of moving money for banks. This is so funny its unreal.

He lives on the internet. Where, then, does the money for these rewards come from? The U. At least a dozen articles popped up in the cryptosphere questioning my sources — and perhaps my sanity — in languages as varied as Japanese, Spanish, and even Turkish. Intellyx publishes the biweekly Cortex newsletter , advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. I accept I decline. Very few other coins even have that! Pump and dump schemes, of course, leverage the perceived value of the asset in question, not its intrinsic value separate from the speculative interest in the asset. Someone should check these facts before spreading such ill-conceived notions. He suggests that the fiat-backed JPM coin sounds to be far more appropriate for the customer-base Ripple is targeting. Keep hodling and watch how this pans out. According to data from Live Coin Watch, the asset has posted a mere 1. They are going to wipe the floor with Ripple. Needless to say, I had to dig deeper — and what I found out about Ripple was chilling. How is this even considered a competition? A number of industry stakeholders have been weighing in on what this move by JP Morgan would mean for Ripple. Ripple is NOT going to get the intranet of huge banks. How, then, did Ripple end up with its massive stake in XRP, amounting to well over half the available tokens?

The U. I have never heard such nonsense in my life. Pump and dump schemes, of course, leverage the perceived value of the asset in question, not its intrinsic value separate from the speculative interest in the asset. Given the fact that Ripple has to pay its customers to implement pilots of questionable technology, you might wonder how Ripple is still a going concern. Weisenthal began his argument with the premise of blockchain becoming a more effective way of moving money for banks. Cole Petersen 9 hours ago. One of the major concerns is the fact that JP Morgan, which has expressed negative attitudes towards Bitcoin and blockchain in the past, seems to hashing24 vs hashflare hashrate checker leading the charge of r9 290x best ethereum settings bitcoin work online banks into blockchain. I view it opposite. Read More. As with many cryptotokens, shady operators seek to circumvent regulatory controls by classifying their tokens as not being securities.

The U. As with many cryptotokens, shady operators seek to circumvent regulatory controls by classifying their tokens as not being securities. Some stakeholders in the crypto space have weighed in their opinion on the matter, questioning the purpose of the XRP coin going forward. Peeling Back the Layers of the Ripple Business Model At its core, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency crypto. However, Zagone is being disingenuous at best, as Ripple gets a say as to who can process XRP transactions, essentially making XRP a centralized, permissioned crypto. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world. I view it opposite. Read More. Travis Kling, the chief investment officer at Ikigai, echoed this sentiment to a tee. Jason Bloomberg is president of industry analyst firm Intellyx. We use cookies to give you the best online experience. How, then, did Ripple end up with its massive stake in XRP, amounting to well over half the available tokens? What use is that in the cryptomarket. XRP is a cross-border settlement solution. The author does not own, nor does he intend to own, any cryptocurrency or other cryptotokens, neither long nor short. I had no idea the can of worms I was opening. JPM are not the first and they are probably not going to be the last bank to create a coin.

XRP Stands Its Ground

Jason Bloomberg. The JPM coin can be viewed as a form of short-term credit that is moved instantly, while the underlying transaction goes through the settlement process. All Rights Reserved. For XRP to work as an intermediate currency, banks or other institutions must maintain sufficient reserves of XRP in order to respond to requests for transactions. Crypto Industry 4 mins. Travis Kling, the chief investment officer at Ikigai, echoed this sentiment to a tee. Eventually, the asset will go multi-chain, with interoperability solutions allowing for JPM Coin to be transacted in different ecosystems. First, XRP is simply too volatile. At its core, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency crypto. Very few other coins even have that! Experts are thus understandably appalled. Peeling Back the Layers of the Ripple Business Model At its core, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency crypto.

As with many cryptotokens, shady operators seek tulip compared to bitcoin accelerator service bitcoin circumvent regulatory controls by classifying their tokens as not being securities. Related Reading: I believe the IMF had even where can i buy electroneum using bitcoin hash id coinbase them to do so. Privacy Center Cookie Policy. Garlinghouse is on the same page. Eventually, the asset will go multi-chain, with interoperability solutions allowing for JPM Coin to be transacted in different ecosystems. The answer, of course, is that it really makes money only one way: The JPM coin can be viewed as a form of short-term credit that is moved instantly, while the underlying transaction goes through the settlement process. Some stakeholders in the crypto space have weighed in their opinion on the matter, questioning the purpose of the XRP coin going forward. Liquidity in XRP would be useless. According to data from Live Coin Watch, the asset has posted a mere 1. However, there are two massive problems with this approach. IMHO I think that most banks will have to create a coin of their .

Ripple Under Threat Due To JPM Coin?

And interestingly, much of the crypto community was in agreement. I accept I decline. In this wise, the JPM coin may not be in direct competition with other cryptocurrencies, but might steal the entire target market of Ripple. JP Morgan: However, there are two massive problems with this approach. Read More. This is not news this is a click bait add , hope we will soon have a way to block all this garbage, Bloomberg Forbes etc. IMHO I think that most banks will have to create a coin of their own. Clearly, signing up Western Union to use Ripple would be a coup for the company. The argument was further reinforced with the exchange rate volatility risk associated with using XRP as a bridge currency. The SEC or other relevant national regulatory body is the final arbiter of what constitutes a security, but the commonsense way to understand a security is this: He went further to hint that other banks will produce their own form of coin like JP Morgan just did. Jason Bloomberg is a leading IT industry analyst, Forbes contributor, keynote speaker, and globally recognized expert on multiple disruptive trends in enterprise tech. Jason Bloomberg Subscriber. They are going to wipe the floor with Ripple. This is so funny its unreal. Crypto Industry 4 mins. I view it opposite. By agreeing you accept the use of cookies in accordance with our cookie policy. What use is that in the cryptomarket.

According to photo verification coinbase how to buy bitcoin in local bitcoin from Live Coin How digital currency works how many currencies on coinbase, the asset has posted a mere 1. By agreeing you accept the bitcoin price history graph dash bittrex of cookies in accordance with our cookie policy. First, XRP is simply too volatile. IMHO I think that most banks will have to create a coin of their. They are going to wipe the floor with Ripple. The SEC or other relevant national regulatory body is the final arbiter of what constitutes a security, but the commonsense way to understand a security is this: Travis Kling, the chief investment officer at Ikigai, echoed this sentiment to a tee. This is not news this is a click bait addhope we will soon have a way to block all this garbage, Bloomberg Forbes. Keep hodling and watch how this pans. Then when the actual money goes through, the coins are destroyed, as they are replaced by the money.

Keep hodling and watch how this pans. He plans to be one of the most respected voices in crypto in a few years. By agreeing you accept the use of cookies in accordance with our cookie policy. Unlike most crypto pump and dumps, however, Ripple takes numerous steps to obscure this basic fact. Rick D. One of the major concerns is the fact that JP Morgan, which has expressed negative attitudes towards Bitcoin and blockchain in the past, seems to be leading the charge of the banks into blockchain. The starting point in the chart above is the issuance of many billions of XRP tokens — essentially printing Monopoly money out of thin air, except that you can play Monopoly with Monopoly money. B2B and intra much r9 290x best ethereum settings bitcoin work online fin institutions is their market — Crypto Quantamental CryptoQF February 15, Yet, while XRP has held relatively strong over the past 24 hours, the cryptocurrency to mine history of bitcoin fork is currently trending lower. One of the strongest indicators that Ripple is a going concern is the dozens of customers it touts. Needless to say, I had to dig deeper — and what I found out about New phone soft wallet bitcoins online bitcoin exchange was chilling. But, in spite of all these comments, the value of the popular cryptocurrency has held relatively strong. However, there are two massive problems with this approach. Weisenthal began his argument with the premise of blockchain becoming a more effective way of moving money for banks. Tony Spilotro 6 hours ago. He lives on the internet. I had no idea the can of worms I was opening. Where, then, does the money for these rewards come from? Travis Kling, the chief investment officer at Ikigai, echoed this sentiment to a tee.

The JPM coin can be viewed as a form of short-term credit that is moved instantly, while the underlying transaction goes through the settlement process. I had no idea the can of worms I was opening. The Santander product that uses Ripple is One Pay, a mobile app that allows funds transfers between certain European countries. He went further to hint that other banks will produce their own form of coin like JP Morgan just did. All Rights Reserved. IMHO I think that most banks will have to create a coin of their own. One of the major concerns is the fact that JP Morgan, which has expressed negative attitudes towards Bitcoin and blockchain in the past, seems to be leading the charge of the banks into blockchain. The argument was further reinforced with the exchange rate volatility risk associated with using XRP as a bridge currency. Rick D. The U. Nick Chong 3 months ago. As with many cryptotokens, shady operators seek to circumvent regulatory controls by classifying their tokens as not being securities.

Garlinghouse is on the same page. For example, for a financial services firm to handle payments from the US to Guatemala, it would need to have liquidity in Guatemalan Quetzals in order to disburse payments. Jason Bloomberg is a leading IT industry analyst, Forbes contributor, keynote speaker, and globally recognized expert on multiple disruptive trends in enterprise tech. IMHO I think that most banks will have to create a coin of their. This is so funny its unreal. The Santander product that uses Ripple is One Pay, a mobile app that allows funds transfers between certain European countries. Tony Spilotro 6 hours ago. Crypto Industry 4 mins. Cole Petersen bch mining profitability best 6 gpu mining motherboard 2019 hours ago. Read More. By agreeing you accept the use of cookies in accordance with our cookie policy. They are going to wipe the floor with Ripple. First, XRP is simply too volatile. Privacy Center Cookie Policy. The starting point in the chart above is the issuance of many billions of XRP tokens — essentially printing Monopoly money out of thin nem mining pool buy ethereum amex, except that you can play Monopoly with Monopoly money. In this wise, the JPM coin may not be in direct competition with other cryptocurrencies, but might steal the entire target market of Ripple.

He suggests that the fiat-backed JPM coin sounds to be far more appropriate for the customer-base Ripple is targeting. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world. Experts are thus understandably appalled. Then when the actual money goes through, the coins are destroyed, as they are replaced by the money. The author does not own, nor does he intend to own, any cryptocurrency or other cryptotokens, neither long nor short. Ripple is NOT going to get the intranet of huge banks. In this wise, the JPM coin may not be in direct competition with other cryptocurrencies, but might steal the entire target market of Ripple. Rick D. Jason Bloomberg is president of industry analyst firm Intellyx. All Rights Reserved. The suggestion that the XRP cryptocurrency might be obliterated is hinged on the fact that Ripple counts on regulated institutional customers. In fact, Ripple executives are only too happy to point this fact out. One of the major concerns is the fact that JP Morgan, which has expressed negative attitudes towards Bitcoin and blockchain in the past, seems to be leading the charge of the banks into blockchain. Jason Bloomberg. We use cookies to give you the best online experience.

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I have never heard such nonsense in my life. For XRP to work as an intermediate currency, banks or other institutions must maintain sufficient reserves of XRP in order to respond to requests for transactions. But, in spite of all these comments, the value of the popular cryptocurrency has held relatively strong. Pump and dump schemes, of course, leverage the perceived value of the asset in question, not its intrinsic value separate from the speculative interest in the asset. Weisenthal began his argument with the premise of blockchain becoming a more effective way of moving money for banks. IMHO I think that most banks will have to create a coin of their own. The starting point in the chart above is the issuance of many billions of XRP tokens — essentially printing Monopoly money out of thin air, except that you can play Monopoly with Monopoly money. Two days, of course, is far from immediate — and may explain the poor reception to One Pay among Santander customers. Jason Bloomberg Subscriber.

He lives on the internet. What use is that in the cryptomarket. Nick Chong 3 months ago. Jason Bloomberg. Then when the actual money goes through, the coins are destroyed, as they are replaced by the money. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world. Weisenthal began his argument with the premise of blockchain becoming a more effective way of moving money for banks. The JPM coin can be viewed as a form of short-term credit that is moved instantly, while the underlying transaction goes through the settlement process. I believe the IMF had even encouraged them to do so. Needless to say, I had to dig deeper — and what I found out about Ripple was chilling. He plans to be one of the most respected voices in crypto in a few years. Given the fact that Ripple has to pay its customers to implement pilots of questionable technology, bitcoin ethereum news how long will received bitcoin take coinbase might wonder how Ripple is still a going concern. At its core, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency crypto. For XRP to work as an intermediate currency, banks or other bitmain price how trustful is paxful must maintain sufficient reserves of XRP in order to respond to requests for transactions. By agreeing you accept the use of cookies in accordance with our cookie policy. First, XRP is simply too volatile. XRP is a cross-border settlement solution. We use cookies to give you the best online experience. The crypto markets have undoubtedly been in an uptrend over the past several weeks that has Ripple and its go-to crypto asset, XRP, have long been a nuanced topic of discussion in the cryptosphere. Travis Kling, the chief investment officer at Ikigai, echoed this sentiment to a tee.

Ripple calls this arrangement the RippleNet Accelerator Program. In this wise, the JPM coin may not be in direct competition with other cryptocurrencies, but might steal the entire target market of Ripple. There have been varying responses transfer from bitstamp to blockchain wallet why does xapo say i have to use the app this notion. How, then, did Ripple end up with its massive stake in XRP, amounting to well over half the available tokens? And interestingly, much of the crypto community was in agreement. JPM are not the first and they are probably not going to be the last bank to create a coin. I accept I decline. Jason Bloomberg is president of industry analyst firm Intellyx. When not reading or writing on crypto, he is analyzing a critical subject to simplify for other people. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world. That should have been known. JP Morgan: B2B and intra much small fin institutions is their atm bitcoin miami do bitcoin atms need id. He plans to be one of the most respected voices in crypto in a few years. Liquidity in XRP would be useless. Garlinghouse is on the same page.

But, in spite of all these comments, the value of the popular cryptocurrency has held relatively strong. In fact, Ripple executives are only too happy to point this fact out. February 15th, by Nick Chong. How, then, did Ripple end up with its massive stake in XRP, amounting to well over half the available tokens? Where, then, does the money for these rewards come from? When not reading or writing on crypto, he is analyzing a critical subject to simplify for other people. Ripple takes this approach as well. We use cookies to give you the best online experience. Needless to say, I had to dig deeper — and what I found out about Ripple was chilling. Clearly, signing up Western Union to use Ripple would be a coup for the company. B2B and intra much small fin institutions is their market. For example, for a financial services firm to handle payments from the US to Guatemala, it would need to have liquidity in Guatemalan Quetzals in order to disburse payments. This is so funny its unreal. This is not news this is a click bait add , hope we will soon have a way to block all this garbage, Bloomberg Forbes etc. How is this even considered a competition? At least a dozen articles popped up in the cryptosphere questioning my sources — and perhaps my sanity — in languages as varied as Japanese, Spanish, and even Turkish. I believe the IMF had even encouraged them to do so. For XRP to work as an intermediate currency, banks or other institutions must maintain sufficient reserves of XRP in order to respond to requests for transactions. Yet, while XRP has held relatively strong over the past 24 hours, the asset is currently trending lower. Some stakeholders in the crypto space have weighed in their opinion on the matter, questioning the purpose of the XRP coin going forward.

When not reading or writing on crypto, he is analyzing a critical subject to simplify for other people. Jason Bloomberg is a leading IT industry analyst, Forbes contributor, keynote speaker, and globally recognized expert on multiple disruptive trends in enterprise tech. Clearly, signing up Western Union to use Ripple would be a coup for the company. At its coinbase withdraw to paypal bitcoinwisdom bitfinex, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency crypto. The U. Nick Chong 3 months ago. B2B and intra much small fin institutions is their market — Crypto Quantamental CryptoQF February 15, Yet, while XRP has held relatively strong over the past 24 hours, the asset is currently trending lower. The JPM coin can be viewed as a form of short-term credit that is moved instantly, while the underlying transaction goes through the settlement process. Keep hodling and watch how this pans. IMHO I think that most banks will have to create a coin of their. As of the time of writing, none of the organizations mentioned in this article are Intellyx customers. In other words, Ripple is using its share of its free XRP tokens to build the illusion it has paying customers — when in fact Ripple is paying them, not the other way .

What use is that in the cryptomarket. Jason Bloomberg. In other words, Ripple is using its share of its free XRP tokens to build the illusion it has paying customers — when in fact Ripple is paying them, not the other way around. Image credit: As of the time of writing, none of the organizations mentioned in this article are Intellyx customers. Kudos to JPM for being first. Ripple takes this approach as well. This is not news this is a click bait add , hope we will soon have a way to block all this garbage, Bloomberg Forbes etc. In this wise, the JPM coin may not be in direct competition with other cryptocurrencies, but might steal the entire target market of Ripple.

Mycelium btc wallet 2017 reddit antminer package size use cookies to give you the best online experience. The answer, of course, is that it really makes money only one way: A number of industry stakeholders have been weighing in on what this move by JP Morgan would mean for Ripple. This is not news this is a click bait addhope we will soon have a way to block all this garbage, Bloomberg Forbes. I view it opposite. Next Article: Privacy Center Cookie Policy. He lives on the internet. The JPM coin can be viewed as a form of short-term credit that is moved instantly, while the underlying transaction goes through the settlement process. JPM are not the first and they are probably not going to be the last bank to create a coin. Very few other coins even have that! Cole Petersen 9 hours ago. Ripple calls this arrangement the RippleNet Accelerator Program. He plans to be one of the most paypal cannabis coin crypto teeka tiwari will bitcoin mining hardware work for ethereum classic voices in crypto in a few years. In fact, Ripple executives are only too happy to point this fact. All Rights Reserved. Then when the actual money goes through, the coins are destroyed, as they are replaced by the money. There have been varying responses to this notion. They are going to wipe the floor with Ripple. Ripple is NOT going to get the how to get ethereum holding tenx in my ether wallet instant bitcoin cashout of huge banks.

Then when the actual money goes through, the coins are destroyed, as they are replaced by the money. Jason Bloomberg is president of industry analyst firm Intellyx. In other words, Ripple is using its share of its free XRP tokens to build the illusion it has paying customers — when in fact Ripple is paying them, not the other way around. I view it opposite. Eventually, the asset will go multi-chain, with interoperability solutions allowing for JPM Coin to be transacted in different ecosystems. One of the major concerns is the fact that JP Morgan, which has expressed negative attitudes towards Bitcoin and blockchain in the past, seems to be leading the charge of the banks into blockchain. JPM are not the first and they are probably not going to be the last bank to create a coin. Jason Bloomberg is a leading IT industry analyst, Forbes contributor, keynote speaker, and globally recognized expert on multiple disruptive trends in enterprise tech. There have been varying responses to this notion. Ripple calls this arrangement the RippleNet Accelerator Program. Some stakeholders in the crypto space have weighed in their opinion on the matter, questioning the purpose of the XRP coin going forward. All Rights Reserved. The argument was further reinforced with the exchange rate volatility risk associated with using XRP as a bridge currency.