Is Ripple (XRP) In Partnership Talks With JPMorgan Chase & Co. (NYSE:JPM)?

[Psychodance]

https://globalcoinreport.com/is-ripple-xrp-in-partnership-talks-with-jp-morgan-chase/

 

Quote

Global Coin Report got wind of a rumor that popular cryptocurrency giant, Ripple, was partnering with another giant in the banking industry. This giant is none other than JPMorgan Chase & Co. (NYSE:JPM). The source of the news reiterated that they could not verify the news for it was only from one source. They needed a second source to fully believe that there was a legitimate possibility of the two giants partnering

Just a rumour, because only 1 anonymous source. But worth reading, also the statement on the J.P Morgan site itself:

https://www.jpmorgan.com/country/US/EN/cib/treasury-services/real-value-real-time-payments

Quote

A RIPPLE EFFECT OF BENEFITS

Speed, transparency, integrated information and process simplification have a ripple effect of benefits.

 

Edited June 14, 2018 by Psychodance

[Guest]

that's ridiculously loose, not surprised that a junk site like that would build an entire article from it though

[mrenne]

See the discussion here:

This article is full of mistakes, wrong assumptions and fake news.

[panmores]

The quality of many of these crypto websites inventing news and twisting facts to their liking is so dire it's a shame they cannot be banned from the Net once and for all.

[noucktourno]

The internet is full of these kind of news. The latest news about Ripple:

https://elevenews.com/2018/06/14/ripple-xrp-not-scalable-private-enough-for-banks-says-ripples-david-schwartz-ripple-price-resumes-uptrend/

"According to Reuters, it was surprising yet fascinating when Ripple’s Chief cryptographer, David Schwartz said that the technology behind Ripple is not set for use in the banking sector. The comment from the cryptographer is quite surprising considering that Ripple’s xCurrent and xRapid products were created for that sole purpose; to revolutionize remittances in the banking sector including cross-border payments using blockchain."

[benstr]

1 hour ago, noucktourno said:

it was surprising yet fascinating when Ripple’s Chief cryptographer, David Schwartz said

I thought he was quoted out of context?

[Guest]

3 hours ago, panmores said:

The quality of many of these crypto websites inventing news and twisting facts to their liking is so dire it's a shame they cannot be banned from the Net once and for all.

It is an exhausting time to follow crypto news. Normally trustworthy mainstream sources still aren't up to speed, which spreads misinformation, and these seemingly out of nowhere sites at best do the same or at worst are pure clickbait and FUD factories. Fortunately for now the news seems to have zero effect on the market. Eventually that will change whenever the use of Bitcoin as a cudgel against every other coin and token comes to a halt so hopefully by then actual reporters with editors and standards know what they're talking about. For now, about the only quality sources to know about what's going on is official blogs and Twitter posts from companies, employees, or project leaders.

[Deeznutz]

18 minutes ago, Scott said:

It is an exhausting time to follow crypto news. Normally trustworthy mainstream sources still aren't up to speed, which spreads misinformation, and these seemingly out of nowhere sites at best do the same or at worst are pure clickbait and FUD factories. Fortunately for now the news seems to have zero effect on the market. Eventually that will change whenever the use of Bitcoin as a cudgel against every other coin and token comes to a halt so hopefully by then actual reporters with editors and standards know what they're talking about. For now, about the only quality sources to know about what's going on is official blogs and Twitter posts from companies, employees, or project leaders.

It just makes me think that Ripple is really confident about how things are going, to just ignore most of this crap the way they do. It makes sense though. The banking and F.I. big wigs all know each other. They may be competitors but they’re going to be either a) listening to their golfing buddy from competitor XYZ about how trials are going, b) doing some serious investigating, or c) already decided they’re going to stick with whatever sucky system they already have. Not listening to some semi-literate blogger or crap “news” website.

At this point, I think we and the other little fish who read and worry about this stuff don’t amount to more than a few drops in the bucket. Late 2017 is gone and Tether/exchange manipulation perpetuated a lot of it. 

Fingers crossed for xRapid adoption. I’m pretty sure it’s happening but what do I know.