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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.

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