4 days agoWorld's largest bank CEO: Books are a good idea that will never come true
Periskopi(7 years ago)
(7 years ago)The CEO of JPMorgan, Jamie Dimon, said that the still unlaunched Facebook cryptade, Books, is a good idea but that it will never come true. He gave his comments during a speech at the International Finance Institute Conference, Bloomberg reported. Ashe said that the idea behind the books is not unique [...]
He gave his comments during a speech at the International Finance Institute Conference, Bloomberg reported. Asi said the idea behind the Books is not unique and then turned its attention to the company's stablecoi he runs, revealing that JPMorgan has spent $11 billion on technological developments this year.
JPM Coin vs Books
Dimon amended his positions about the Facebook currency when he said that the Books pose no threat to his company's cryptomedger plans.
October saw many members of the Book Association leave with big names such as Visa, EBay, Stripe, Mastercard, PayPal and Booking being delivered.
Companies left because the currency did not comply with the American anti-money laundering regulation.
