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Why is JPM Coin not a threat to XRP ?


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It is a threat but unlikely you'll hear that around here. 

No one knows what the future is going to look like. Very possible JPM gets a consortium on board to use their coin which is stable and may come across as more trusted. 

Understand a lot of banks already go through JPM for their cross border transfers. 

But maybe it's as people say that there will be too many walled gardens and will need XRP to transfer between them. But then again maybe not and maybe XRP will fail. Never forget that is a very real and currently more likely possibility. 

But also XRP could adapt its use case which it always was going to do eventually IMO and still have a bright future. 

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JPM and Citi although globally powerful do not exactly have a great relationship with the IMF (remember the financial crisis of 2008?)  The global cascade effect of their financial dealings and financial instruments came into broad scrutiny worldwide whether this is spoken about extensively in the financial rags or not.

Edited by xrphilosophy
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JPM created this coin for payments to large institutional bankers also it is going to be used for Federal Reserve payments and settlements for Federal Reserve Stock holders. Its also a test coin before the Federal Reserve coin which will be traded for JPM Coin then into cash. 

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