JPMorgan CEO Cautious on Blockchain Tech Despite New Partnership
JPMorgan CEO Jamie Dimon issued new remarks on bitcoin and the blockchain as part of the Barclays Global Financial Services Conference in New York today. During a 40-minute question-and-answer session, the noted bitcoin skeptic suggested that JPMorgan is optimistic about the potential use cases for bitcoin's underlying distributed ledger, the blockchain, and other distributed ledgers. According to a report by American Banker, the CEO further spoke to the growing interest among major banks in blockchain technology and its applications, stating: "We have a study group on this whole thing. I....
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A MasterCard executive has said that while the firm is very, very interested in blockchain technology, it will take a cautious approach to its experimentation with the tech while it believes it is still developing. Speaking to Business Insider at the World Economic Forum in Davos, MasterCard CIO Garry Lyons outlined the steps the major global credit card network has so far taken to explore the industry. Lyons said: Like the rest of the world, we’re interested in seeing where blockchain technology goes. The comments come at a time when thought leaders in the traditional payments and finance....
JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.”
JPMorgan’s Blockchain Plans
JPMorgan Chase & Co foresees increased blockchain usage in traditional finance and is getting ready to offer related services, Bloomberg reported Thursday.
The global investment bank has been using a blockchain for collateral settlements, allowing its clients to use a wider range of assets as....
JPMorgan CEO Jamie Dimon has been vocal about his concerns regarding bitcoin and blockchain technology, emphasizing his points in a recent testimony. JPMorgan is currently working with other large investment banks such as UBS and Credit Suisse to create a more stable blockchain framework that can be used in the financial industry. In his 40-minute Q&A session at the Barclays Global Financial Services Conference in New York, Dimon dismissed reports claiming that the bank is seeking to exit its custody and cash management operations while blockchain technology is being explored. JPMorgan and....
JPMorgan Chase CEO Jamie Dimon sees decentralized finance (defi) and blockchain as real, new technologies that can be deployed in both private and public fashion. He also noted that JPMorgan is at the forefront of this innovation. JPMorgan’s Jamie Dimon Praises Defi and Blockchain JPMorgan CEO Jamie Dimon recognized the merit of decentralized finance (defi) and blockchain technologies in his latest annual letter to shareholders, published Monday. While talking about his company’s investments in technology, Dimon said: Decentralized finance and blockchain are real, new....
As momentum continues to build for mainstream adoption of blockchain tech, PwC and Blockstream recently announced a strategic partnership to “bring blockchain technology and services to companies around the world.” This partnership comes on the heels the close of a big round from Digital Asset Holdings and a noteworthy announcement of further exploration and excitement of the technology within the context of greater fintech from Goldman Sachs. The circuit of acquisition of blockchain tech has been completed. Not only is the interest in utilizing blockchain present, but now the agents of....