US: Ripple CEO Brad Garlinghouse Questions JPM Coin Usability

Ethereum World News

Brad Garlinghouse, CEO of blockchain-based startup Ripple, has once again called into question the purpose of the JPM Coin. In mid-February, Wall Street giant J.P. Morgan Chase announced plans to create the JPM Coin, a pseudo-stablecoin that would function to improve its internal payment network. Following the announcement, some analysts were quick to say that the JPM Coin would be a death sentence for payment protocol competitor Ripple. However, Garlinghouse fired back at his detractors, making the claim that banking coins “still aren’t the answer,” and that JPM Coin “misses the point.”

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