By Prashant Jha
Jason Bloomberg a Forbes contributor who penned the article, “JPM Coin From JP Morgan Chase vs. Crypto Fans,” believes that the newly launched stable coin by JP Morgan exposes the Ripple network and its scam. Jason explains
“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 the 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,”
Read the entire article at https://www.btcwires.com/c-buzz/forbes-contributor-calls-ripple-a-scam-in-jpm-coin-debate/
