THELOGICALINDIAN - Jamie Dimon the CEO of JPMorgan Chase says that he does not decidedly like crypto but will avert your appropriate to advance in it However he sees allowances in some aspects of agenda currency
JPMorgan’s Jamie Dimon on Crypto, Digital Currency
JPMorgan Chase CEO Jamie Dimon talked about cryptocurrency in an account with KMTV 3 News Now in Omaha Friday advanced of the Berkshire Hathaway anniversary shareholders affair this weekend.
Commenting on cryptocurrency, including bitcoin, the JPMorgan bang-up said:
However, Dimon sees allowances in some aspects of crypto, such as its technology, acceptance that the cyberbanking industry has its inefficiencies. The controlling opined:
“So, it’ll assignment out. I anticipate it will be adopted over time by lots of players out there, including banks,” he concluded. However, he did not specify whether he is apropos to cryptocurrencies, stablecoins, axial coffer agenda currencies (CBDCs), or his own JPM Coin.
JPMorgan Chase has its own agenda bill alleged JPM Coin. Dimon ahead described: “We use a blockchain arrangement alleged Liink to accredit banks to allotment circuitous information, and we additionally use a blockchain to move tokenized U.S. dollar deposits with JPM Coin.” The JPM Bread website states that the bread “facilitates real-time amount movement, allowance to break accepted hurdles of acceptable cross-border payments.”
Dimon has continued been a bitcoin and crypto skeptic. In November aftermost year, he warned bodies to be accurate back advance in crypto citation that it has no built-in value. In October, he said bitcoin was worthless and questioned its bound supply.
Meanwhile, he said in his April letter to shareholders that decentralized accounts (defi) and blockchain are real. In addition, JPMorgan is now alms a cardinal of crypto advance products.
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