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JPMorgan is creating a cryptocurrency pegged to the dollar


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4 hours ago, SFLUFAN said:

OK, this will be internal crypto that will operate only on JPM's own network to facilitate large dollar volume transactions for select customers.

 

That's fine. 

 

I guess. 

 

Until something goes horribly wrong, causing a liquidity crisis at one of the world's major financial institiutions.

 

They won't make any backups and someone using the one machine with the data on it to surf porn will get cryptoransom malware on it. 

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