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A comment on JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments. Parent comment

Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by LMYahooTFY on Thursday February 14, 2019 @02:33PM (#19165120)
Who's pitching "but blockchain"?

While you show clear ridicule for some sort of "blockchain fad", I don't see anyone pitching a solution here.

I see JPM literally implementing one, and I would assume there is a cost reduction they've calculated.

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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by dboreham on Thursday February 14, 2019 @05:25PM (#19166669)
Typically the cost reduction expected is due to eliminating rent seekers.
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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by toomuchtodo on Friday February 15, 2019 @12:15AM (#19168614)
Which rarely happens, as new rentseekers replace old rent seekers.
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