The fireside chat at the J.P. Morgan Crypto Economy Forum will take place on Tuesday, November 30, 2021, at 1:15 p.m. PT / 4:15 p.m. ET, and can be watched online.
Coinbase Global, Inc. has announced that Brian Armstrong, co-Founder and CEO of Conbase, and Fred Wilson, Lead Independent Director, will participate in a JP Morgan event focused on the cryptocurrency space.
Both executives will join a fireside chat at the J.P. Morgan Crypto Economy Forum on Tuesday, November 30, 2021, at 1:15 p.m. PT / 4:15 p.m. ET.
A live webcast and replay of the virtual session will be available on Coinbase’s Investor Relations website at https://investor.coinbase.com. It can be found here.
In its recent North America Equity Research report, JP Morgan mentioned Coinbase as a key player to help drive XRP adoption after a Ripple win in the SEC lawsuit.
“If the company is able to win the SEC lawsuit and trading resumes on major cryptocurrency exchanges like Coinbase, XRP is poised for significant adoption”.
This JP Morgan report, which was not made public, goes into great depths about XRP. The document points to its competitive advantage over SWIFT.
“While traditional money transfers – most commonly SWIFT transfers – are costly and can take up 5 business days to complete, transactions using Ripple’s XRP can be completed in as little as 3 to 5 seconds and transaction fees are just 0.0001 XRP. SWIFT transfers are more expensive due to the numerous intermediary banks involved that charge fees to both the sender and recipient.”
JP Morgan analysts also pointed to another advantage: XRP is not pegged to an underlying currency unlike stablecoins, which follow their underlying currency’s volatility.
“The role of XRP as a bridge asset in international settlement is not competing with stablecoins but on the contrary, it is complementary.”
As to the SEC v. Ripple lawsuit, the Howie test is seen as the deal breaker. “For the SEC to win the suit, Judge Sarah Netburn […] must determine that all aforementioned four points are met; if she determines that one or multiple points are not met, Ripple will win the suit”.
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