Financial Times reports on JPM to spin off its crypto project, the bank reckons it was more likely to achieve widespread adoption as an independent operation.
- JPM developed "Quorum" as its own version of blockchain technology
- Been in operation for 2 years
- JPM concerned other banks have been reluctant to use Quorum because of the JPM association .... i.e. potential network effect is suffering
Link to FT is here, may be gated
Bitcoin update on a, errr, busy day in US stocks ;-)
