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JP Morgan Leaves R3 Showing Big Banks will Abandon the Open-Source Spirit

Tue May 02, 2017 5:21 pm

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JPMorgan Chase has reportedly left the blockchain banking consortium R3 due to disagreements over R3 proposed funding plans. The New York-based startup R3 CEV, which leads the 80 firms strong financial services-focused blockchain consortium, intends to raise $150 from its member institutions and investors in exchange for a 60 percent holding in the startup...

Read more Here:

https://btcmanager.com/jp-morgan-leaves ... ce-spirit/

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