Jamie Dimon says Facebook’s libra is ‘a neat idea that’ll never happen’

From cnbc.com

J.P. Morgan Chase CEO Jamie Dimon is not bullish on the future of Facebook’s libra cryptocurrency. “It was a neat idea that’ll never happen,” Dimon said Friday at a conference in Washington D.C. Dimon’s comments come as a raft of corporate partners have dropped out of the libra crypto project. He added that his bank has a similar project called JPM Coin. “We already have stablecoins, they’re not the first to do it,” Dimon said. “I’ve got nothing else to say about it.”