JPMorgan’s Jamie Dimon dings Facebook’s cryptocurrency Libra, saying it will never happen

Business Insider Australia | Oct 20, 2019 at 2:26 PM
  • Facebook’s uphill struggle with its cryptocurrency Libra just got a little steeper, after the CEO of one of the world’s biggest banks said the currency “will never happen”.
  • Libra is intended to be pegged to a basket of currencies including the dollar, the euro, and the yen.
  • The remaining 21 partners, including Spotify, Uber, and Lyft, confirmed their commitment to the currency in mid-October.