Published on June 9th, 2018 | by bitcoin0
Crypto Community Not Bothered by r3 Reported Woes
Its consortium attracted a number of big-name supporters including Wall Street banks like JPMorgan and Goldman Sachs.
But R3 later ran into headwinds, losing JPMorgan and Goldman, among others, as consortium members in 2017, as reported by CoinDesk.
Fortune, citing two former employees at R3, reported that the company could be out of money by early next year even with the recently raised $107 million funds.
— girevik (@girevikcap) June 7, 2018
And to this observer, the reported woes highlight the hard lessons for investors.
Investors learning the hard way to be skeptical of hand-wavy blockchain hype.https://t.co/Tn6PithFeZ
— Stephen ⚡️ (@sthenc) June 7, 2018