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Ripple XRP Competition? JPM Coin Launched By JP Morgan! Will XRP FAIL?

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  2. Other Banks are not going to use JPM Coin. Why:

    1- In order to have JPM Coin you need to deposit money into JPM Bank account.

    2- That means if Goldman Sachs buys JPM coin they own the coin but the real cash its own by JPM Bank.

    3- Goldman Sachs can't loan the money to its customers or do reserve lending with JPM Coin. They make no money (DEPOSITS)

    4- JPM bank with Goldman Sachs' money is making but not Goldman Sachs.

    5- Banks make money from Fractional Reserve.

  3. It is not likely be good news for Ripple. If there was any potential for getting commercial business , that probably has gone down significantly .Now SWIFT is also getting in Ripples territory and that does not bode well for Ripple and probably for XRP . Only time will tell .

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