Speaking at the annual Institute of International Finance event JPMorgan CEO Jamie Dimon said Libra was nothing extraordinary. He added, he did not believe in the success of this project.
In his opinion, this stablecoin is a good idea, but this is not some kind of know-how as they are trying to present it. Besides, he recalled the recent failures of the association, which lost several of its major partners at once, such as Visa, Master Card, Ebay, etc.
During his speech, Dimon compared a Facebook coin to a coin of his company. He believes that companies that produce their own stable coins are not very different from each other and Libra is not a “reinventing the wheel”.