Banking
Citi Scraps Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency
Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It’s easier to rely on SWIFT.
JPMorgan Chase
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Banking
Ripple CEO Brad Garlinghouse on JPM Coin: Other Banks Won’t Use It
Ripple’s CEO gave JPMorgan qualified praise for developing its own cryptocurrency before dismissing the product’s usefulness.