If you have been following the latest crypto news, you probably have heard that JPM is offering their very own stable coin.
This is interesting because of how harshly Jamie Dimon criticized bitcoin and crypto about a year ago.
Though in his defense, he kept saying that he was positive about blockchain but very negative about bitcoin.
Anyways, back to the news...
I would think this is just the beginning.
Eventually every bank will issue their own coin as well.
This is supposed save costs and speed up transfers and settlements.
Is this a danger to bitcoin?
I would say not really.
They are very different things.
This is a closed system for wealthy institutions, and it won't be traded freely.
A private permissioned blockchain, while bitcoin is a public permissionless blockchain.
However, this may be a major blow to ripple and XRP...
What do you think?
I had received some ripple and then after a year or two it got lost ... I no longer know how to access it
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