JP Morgan Embraces Blockchain Technology Yet Jamie Damon Stays Critical Of Bi...
JP Morgan is taking more profound steps in blockchain technology in recent development. This new generation bank now uses blockchain in maintaining its collateral statements. According to the report, JPMorgan Chase & Co has completed its pilot transaction on a blockchain. The use of blockchain technology and its application is widely spreading to different sectors […]
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Noted Bitcoin skeptic Jamie Dimon was asked about Bitcoin during a recent televised interview. He doesn’t see the cryptocurrency going anywhere, although he does state blockchain technology is real. JP Morgan CEO Jamie Dimon appeared in a CNBC interview at the World Economic Forum in Davos, where the interviewer brought up the subject of electronic currencies, specifically Bitcoin. A previous interview between the two had Dimon remark that bitcoin - was going nowhere fast. The comment was made during a previous installment of the WEC in Davos, years ago. The question resurfaced, with the....
Just last week, distributed ledger startup R3CEV triggered a wave of excitement when it announced an additional 13 banks had joined its project to bring blockchain technology to Wall Street. With a total of 22 banking partners, R3CEV's announcement is the latest sign that blockchain technology is enjoying increasing popularity among the world's biggest banks - some of which had gone public with their interest in it in the past - but the truth is that blockchain technology seems to have everyone talking. Who's said what and why? CoinDesk has rounded up some of the most interesting....
Jamie Dimon, chairman and president of JP Morgan Chase, says his bank can learn from disruptive payment systems like bitcoin. Dimon, famously dismissive of the digital currency, made the comments in his annual letter to JP Morgan shareholders, noting: "You all have read about bitcoin, merchants building their own networks, PayPal and PayPal look-alikes. Payments are a critical business for us - and we are quite good at it. But there is much for us to learn in terms of real-time systems, better encryption techniques and a reduction of costs and 'pain points' for customers." The letter,....
JP Morgan CEO Jamie Dimon is back in the Satoshi spotlight. Speaking during an appearance on CNBC’s coverage of the World Economic Forum meetings in Davos last month, Mr. Dimon once again pronounced his lack of faith in Bitcoin. “Bitcoin the currency, I think, is going to go nowhere,” Dimon said, “And it’s not because of anything to do with the technology. Governments, when they form themselves, form their currency. Governments like to control currency, know where it goes, and who it goes to, and control it for monetary purposes. There is nothing behind a Bitcoin, and I think if it was....
JP Morgan, the fifth-largest bank in the world by assets, has had a long history of sparring with Bitcoin, highlighted by some under-informed comments CEO Jamie Dimon made about Bitcoin for CNBC in January 2014. Over time, the US-based bank has seemed to have better educated themselves — but not before the flight of Blythe Masters, their pro-blockchain....