04-07-2022, 12:40 AM
Jamie Dimon, notorious crypto critic and CEO of Chase, had some things to say about
<!-- SC_OFF --><div class="md"><p><strong>"I personally think that bitcoin is worthless," - Jamie Dimon</strong></p> <p>It seems the pressure from both his shareholders, as well as the global interest in crypto, has made him change his tune:</p> <p>"We now process payments for eight of the top 10 global Big Tech companies (up from three out of 10 companies five years ago), consistently winning business from strong competitors. We continue to bring to the market and commercialize innovative products, such as embedded banking; AI-driven fraud controls and forecasting; and account validation and programmable payments on JPM Coin. <strong>Decentralized finance and blockchain are real</strong>, new technologies that can be deployed in both public and private fashion, permissioned or not. JPMorgan Chase is at the forefront of this innovation. We use a blockchain network called Liink to enable banks to share complex information, and we also use a blockchain to move tokenized U.S. dollar deposits with JPM Coin. We believe there are many uses where a blockchain can replace or improve contracts, data ownership and other enhancements; for some purposes, however, it is currently too expensive or too slow to be deployed."</p> <p>Give it a few months, and Chase will have its own BTC mortgage division.</p> <p>Edit: <a href="https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/ceo-letter-to-shareholders-2021.pdf">Source</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ipetgoat1984"> /u/ipetgoat1984 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/txjmut/jamie_dimon_notorious_crypto_critic_and_ceo_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/txjmut/jamie_dimon_notorious_crypto_critic_and_ceo_of/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p><strong>"I personally think that bitcoin is worthless," - Jamie Dimon</strong></p> <p>It seems the pressure from both his shareholders, as well as the global interest in crypto, has made him change his tune:</p> <p>"We now process payments for eight of the top 10 global Big Tech companies (up from three out of 10 companies five years ago), consistently winning business from strong competitors. We continue to bring to the market and commercialize innovative products, such as embedded banking; AI-driven fraud controls and forecasting; and account validation and programmable payments on JPM Coin. <strong>Decentralized finance and blockchain are real</strong>, new technologies that can be deployed in both public and private fashion, permissioned or not. JPMorgan Chase is at the forefront of this innovation. We use a blockchain network called Liink to enable banks to share complex information, and we also use a blockchain to move tokenized U.S. dollar deposits with JPM Coin. We believe there are many uses where a blockchain can replace or improve contracts, data ownership and other enhancements; for some purposes, however, it is currently too expensive or too slow to be deployed."</p> <p>Give it a few months, and Chase will have its own BTC mortgage division.</p> <p>Edit: <a href="https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/ceo-letter-to-shareholders-2021.pdf">Source</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ipetgoat1984"> /u/ipetgoat1984 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/txjmut/jamie_dimon_notorious_crypto_critic_and_ceo_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/txjmut/jamie_dimon_notorious_crypto_critic_and_ceo_of/">[comments]</a></span>Kind Regards R