‘I Don’t Understand!’: Watch Ripple’s CEO Rant Against JPMorgan’s Cryptocurrency
Ripple CEO Brad Garlinghouse says he doesn't understand the hype about JPMorgan's cryptocurrency project. | Source: Steve Jennings/Getty Images for TechCrunch Gerelyn Terzo 09/03/2019 Altcoin News, Crypto, News
In a Brad Garlinghouse vs. Jamie Dimon crypto showdown, the Ripple chief is not the least bit intimidated by his Wall Street rival.
Ripple CEO Unloads on JPMorgan Cryptocurrency at DC Blockchain Summit
Garlinghouse was featured as the keynote speaker at DC Blockchain Summit 2019, where he gave a fireside chat with Nasdaq’s Jill Malandrino.
The elephant in the room, metaphorically speaking, was the recent news of Wall Street bank JPMorgan issuing the so-called “cryptocurrency JPM Coin for its institutional clients.
Garlinghouse, who has been known to sport red socks with his suit, didn’t back down from the line of questioning, even sounding like a team player at times for the industry:
“I think it’s great for the blockchain and crypto industry to have players like JPM leaning in. Thumbs up. That’s great. That’s the only nice thing I’m going to say about this.”
DC Blockchain Summit March 6th 2019
Brad Garlinghouse talking about JPM Coin#xrp #ripple #xrpcommunity #crypto #blockchain #xrpthestandard #0doubt #xrparmy pic.twitter.com/J2H1FZh2wu
— ༜༝🅂🅃🅄🄰🅁🅃🅇🅁🄿💧⚡ (@stuart_xrp) March 6, 2019
Garlinghouse: JPM Coin Doesn’t Solve any Problem
According to Garlinghouse, it was only a matter of time for banks to enter the crypto fray. Nonetheless, for cryptocurrency and the blockchain industry ...