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Is JP Morgan Coin A Threat To Ripple and XRP?

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14 Comments

  1. JP Morgan doesn't run the world guys.  Ask the BRIC nations if they lose sleep over what JP Morgan does.  NEWS FLASH….The US is set to fall in 3rd place behind China and India by 2030 in leading global economies.  The problem is JPM coin is tied to the US dollar which has been losing it's value year after year and is totally centralized.  JP Morgan has been fined over 43 billion since the financial crisis for bad business practices.  The 2nd highest fine total to Bank of America at 76 billion which combined is about where the crypto market cap stands as of today.  It's a desperate attempt for banks to hold on to the old system that has been ripping people off for decades and try to maintain some sort of control but unfortunately the writing is on the wall, the US banking system is imploding.  There's 22 trillion US debt, an ongoing trade war, the dollar is losing its world reserve status, fake stock market pumping for the past 10+ years, money printing to no end just to keep the image of the American dream alive.  JPM coin has a better chance of going to zero before Bitcoin or XRP.  America sitting as top dog over the rest of the world is not the case as it once was.  Yeah, if it comes to war maybe but even then China and Russia are no pushovers and are only getting smarter and stronger.

  2. the problem with JPM coin is that it is the cookie cutter definition of centralized, and they are a bank they already have the ability to settle payments between their clients they would just be making another product to collect fees, plus this is from a company that bashes bitcoin as a fraud then turns around and uses the underlying tech to fabricate a coin for their own gain… if its pegged to the us dollar then the coin would be subject to inflation as the buying power of the dollar is reduced meaning one JPM coin in 5 years would be worth less then one today your better off with fiat

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