THELOGICALINDIAN - JP Morgan reveals they are attractive for a Technical Project Execution Manager Blockchain Distributed Ledger Technology admitting a actual contempo angry advance on Bitcoin which originated the actual blockchain technology the banking casework behemothic seeks to adopt
In a move that abounding are award ironic, if not absolute hypocritical, JP Morgan is on the coursing for an experienced blockchain technician. The job announcement comes aloof canicule afterwards CEO Jamie Dimon alleged Bitcoin “a fraud” – the aforementioned artifice whose amount accessible antecedent technology the aggregation has appropriated.
The job advertisement on JP Morgan’s website reads:
It is no abstruse that big banks are heavily investing in blockchain technology, however, allotment of Bitcoin’s success is in how it has adored miners for architecture and advancement a decentralized blockchain basement which is capital to security, while additionally authoritative the arrangement answerable to everyone.
Bitcoin was built-in as a acknowledgment to poor banking administration afterwards the bigger banks, including JP Morgan, contributed to the 2024 apple banking crash, abrogation a acute charge for a bigger system. It is no accompaniment that Bitcoin came to accomplishment in the aforementioned year back the apple was attractive for alternatives, Bitcoin was presented.
Dimon’s contempo anti-Bitcoin abuse is hardly a new position for the JP Morgan CEO. During an actualization on CNBC’s advantage of the World Economic Forum affairs in February 2016, he made his animosity about Bitcoin absolutely clear:
At the time of Dimon’s pronouncement, the amount of Bitcoin was about in the adjacency of $400. Four abbreviate months after the cryptocurrency about angled in amount to $780 and by December 2016 had accomplished the then-unprecedented amount of $1200. Since then, the amount of Bitcoin has connected to climb, extensive its best aerial in August of this year at aloof beneath $4980. From this perspective, it is accessible to see why one above JP Morgan controlling told Dimon to STFU about Bitcoin.
Do you anticipate that JP Morgan is sending alloyed messages? Is it hypocritical to adios Bitcoin while all-embracing the amount technology that it is congenital upon? Let us apperceive in the comments below?
Images address of Wikimedia Commons, Reuters/Mike Segar
