By Robert Johnson
According to one of the writers at Forbes, Jason Bloomberg, Ripple is being exposed as a scam by JP Morgan and the move to establish the JPM Coin is making banks wise up to the situation.
“While Ripple has been positioning XRP as solving cross-border financial transaction issues among banks, there are also indications that Ripple is essentially a scam. Banks around the world are getting wise, and JPMorgan has timed its release of its coin to fill the void that Ripple’s apparent dishonesty is leaving in the marketplace. What we’re seeing is a market change triggered by Ripple and the correspondent banks in a defensive mode”
Despite this, Bloomberg doesn’t have any evidence to back his statement.
Read the entire article at https://cryptodaily.co.uk/2019/02/ripple-a-scam-forbes-writer-seems-to-think-so
