Home / News / Ripple CEO Says JPM Coin Lacks Interoperability: ‘Just Use the Dollar, I Don’t Get It!’

Ripple CEO Says JPM Coin Lacks Interoperability: ‘Just Use the Dollar, I Don’t Get It!’

Ripple (XRP) CEO Brad Garlinghouse says the recently-announced digital asset from United States banking giant JPMorgan Chase (NYSE:JPM) lacks the interoperability that would make it a significant innovation. Garlinghouse made his remarks during an interview at the 4th Annual DC Blockchain Summit in Washington D.C. on March 6.

As Cointelegraph has reported, JPMorgan Chase announced the forthcoming launch of its new blockchain settlement offering in mid-February: a stablecoin dubbed JPM Coin, to be backed 1:1 by the bank’s USD reserves.

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