Stablon Coin from JPM financial holding JPMorgan is able to destroy the company Ripple, which specializiruetsya on cross-border payments, said the editor, BloombergTV Joe Weisenthal.

If it turns out that the Blockchain/Coin framework turns out to be a good one for banks transferring money around, then the JPM Coin should absolutely obliterate Ripple

— Joe Weisenthal (@TheStalwart) 14 fierce 2019 R.

“If the framework blockchain/coin will be good for banks involved in money transfers, JPM Coin will completely destroy Ripple”

With Wiesentaler agree capturador WhalePanda. According to him, if you listen closely you can hear “how to cry in agony holders coins Ripple”.

If you listen very carefully you will hear all Ripple holders now scream in agony.
Congrats @jpmorgan on creating a useless shitcoin.

— WhalePanda (@WhalePanda) 14 fierce 2019 R.

While WhalePanda called JPM Coin “useless shitkino”.

A new initiative from JPMorgan found a response among other famous representatives of the crypto community. So, “self-proclaimed Satoshi Nakamoto” Craig Wright wrote that he has a patent, supposedly able to restrict the release of JPM Coin.

JP Morgan…

Patent 32.

Oh, you did not check?

I have patents on what you want to do.

Have a nice life.

— Dr Craig S Wright (@ProfFaustus) 14 fierce 2019 R.

The head of the Ripple brad Garlinghouse also responded to plans by JPMorgan. He believes that cryptocurrency issued by banks makes no sense.

As predicted, banks are changing their tune on crypto. But this JPM project misses the point – introducing a closed network today is like launching AOL after Netscape’s IPO. 2 years later, and still bank coins aren’t the answer

— Brad Garlinghouse (@bgarlinghouse) 14 fierce 2019 R.

He wrote that if banks want to enter into a transaction, they will have to exchange their unique digital currency for Fiat. This approach is complete nonsense, sure Arlinghaus.

Note that the plans to release its own digital asset is and the smaller financial institutions. Thus, representatives of the new York Bank Signature said that already a few months use solutions on the basis of the Ethereum platform Signet, which allows you to instantly translate pegged to the dollar stabilini. The system employs more than 100 people, the accounts of each of which an average of $250 thousand.

We will remind, earlier the head of JPMorgan Chase Jamie Dimon has repeatedly criticized bitcoin. However, it soon became known that the financial holding company creates its own strategy in the field of cryptocurrency.