JP Morgan announced the creation of a Digital Coin that will be used for payments. According to their website “J.P. Morgan became the first U.S. bank to create and successfully test a digital coin representing a fiat currency. The JPM Coin is based on blockchain-based technology enabling the instantaneous transfer of payments between institutional accounts.”
In response to the announcment, Ripple CEO, Brad Garlinghouse, Banks won’t adopt JPM Coin, customers would be better off using the US Dollar.
Watch the video below discussing Ripple / XRP vs JPM Coin. Add your opinion in the comments below: