Re:Coinbase is rescinding already-accepted job offers
by mlyle on Saturday June 04, 2022 @06:11PM
(#31625577)
> cynical publicity stunt to try to capture some of the money sloshing around in the crypto hype
It's not being sold to end-user rubes. It's a way to try and suck banks into JPMorgan's technology ecosystem (promising to settle repurchase agreements faster and save lots of interest intraday).
It's not huge yet-- only about $1 billion per day flows through it.
Looking at JPMorgan's Liink, there is no proof that this is anything more than a cynical publicity stunt to try to capture some of the money sloshing around in the crypto hype. Most of its touted features are things that could have been done without blockchain and should have been done decades ago if they were willing to invest in modernizing things.