(XRP) CEO Brad Garlinghouse says the newly-announced digital asset from United States banking giant JPMorgan Chase (NYSE:) “misses the point” of cryptocurrency, according to a tweet published on Feb. 14.
As reported, JPMorgan Chase revealed its blockchain-powered JPM Coin yesterday, saying the asset will initially be used to increase settlement efficiency in select operations. Directly following the announcement, Garlinghouse responded on Twitter:
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.