consider the following:
JP Morgan want to buy a large amount of XRP. To make more profit JPM first "created" the JPM Coins to spread FUD so that XRP price goes down. The JPM Coin only has this purpose...
thoughts?
* Tin foil hat posts are allowed in this thread - don't forget JPM spread lies about Bitcoin in the past.
I don't understand the point of the JPM coin at all. It doesn't have any bearing on XRP,
it's just an internal coin to the JPM network. Why are they even using blockchain? And
why are they publicising it and why is everyone making such a big deal about it? It's just a nothing coin. I really can't see how it would have any impact on XRP price, it's not a competitor.
/rant
That's the point. A internal coin don't need any publicity, also not a "XRP Killer" publicity... and the Wallstreet Boys called XRP a scam (what it probably is) and promoting the JPM Coin at the same time.
And also think about security issue: if it`s only made for banks and big investors, you not go public whit any kind of information - not even that it exist.
Wall Street Propaganda:
"While Ripple has been positioning XRP as solving cross-border financial transaction issues among banks, there are also indications that Ripple is essentially a scam. Banks around the world are getting wise, and JPMorgan has timed its release of its coin to fill the void that Ripple’s apparent dishonesty is leaving in the marketplace."
Source:
https://www.forbes.com/sites/jasonbloomberg/2019/02/22/jpm-coin-from-jpmorgan-chase-vs-crypto-fans-whos-missing-the-point/#74334a453f16btw I am not a XRP owner and I will never buy XRP, because It`s centralized and XRP just a money printing machine for the Ripple Labs Company behind XRP.
