JPMorgan CEO Jamie Dimon returned to his more critical comments about Bitcoin, calling the cryptocurrency a “scam” and saying he had “no interest” in it, reported Sunday, August 5.
JPMorgan co-president Jerry Pinto confirmed the bank was “looking into” the Bitcoin space May 16, saying cryptocurrency “will play a role” in the future.
JPMorgan Chase filed an application for a patent on the use of distributed ledgers for interbank payments such as financial exchange settlement and reconciliation.
After about a year of development, JPMorgan and other participants have eventually tested out the Quorum Blockchain Platform, which was intended to make the process of issuing financial instruments more efficient.
Umar Farooq of JPMorgan Chase, a banker turned blockchain leader at JPMorgan, while speaking at the Yahoo Finance All Markets Summit for Crypto in New York earlier this week, explained that banks are actually using the blockchain technology…
Several US-based and International banks have banned cryptocurrencies from being purchased using their credit cards. While that might suck for some, it's actually a rational and secure decision considering the cryptomarkets heightened…
There are speculations that Bitcoin could turn out to be a safe haven for institutional investors during the next stock market crash.