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Jamie Dimon Proclaims Facebook's Libra Coin a "Neat Idea That'll Never Happen"

Ramsey Baker

Summary: It's safe to say that JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon is not a fan of Facebook’s Libra project. When asked about Libra, Dimon stated that it was a “neat idea that’ll never happen,” at a panel in Washington D. C., hosted by the Institute of International Finance. Dimon then added how Facebook ...

It's safe to say that JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon is not a fan of Facebook’s Libra project.

When asked about Libra, Dimon stated that it was a “neat idea that’ll never happen,” at a panel in Washington D. C., hosted by the Institute of International Finance. Dimon then added how Facebook is not the first to make a stablecoin and referenced his bank’s own JPM coin.

By Ramsey Baker

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