Since I came on this forum, I have tried to read and understand the top 10 tokens on coinmarketcap
But today I want to talk about ripple
I have believed ripple to be a banks token, and they have couple of agreements with banks too
Making good progress.
But with JPMorgan creating a stable coin to be used internally for banking purposes and faster transactions; what happens to ripple ?
Anyone can enlighten me further the consequences of banks creating their own Blockchain, ignoring ripple??
Each bank coin has its creator who has a decent amount of coins in stock. If another bank agrees to use your coin, then it will run the risk that you can at any moment throw all your coins into the market. That is why all large banks want to protect themselves and release their coins for exchanges.