JPMorgan Memo: $9 Billion Slated For Studying Blockchain And Robotics
An internal JPMorgan memo reveals that the lender plans to invest $9 billion in technology like robotics and the blockchain, according to Business Insider, which claims to have seen the memo. Daniel Pinto, the head of JPMorgan’s corporate and investment bank, sent the memo, which claims a major priority is to pursue innovative technologies in which they have been investing. Internal working groups have made “significant advances” and will receive additional freedom to create marketing leading platforms in the next year, the memo states. JPMorgan also has established teams for robotics,....
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Independent research provider on financial companies, Autonomous Research has said in a survey that leading investment banks Goldman Sachs and JPMorgan Chase will probably emerge as the winners from the coming financial technology disruption. According to a report first published by Bloomberg, Autonomous Research LLP partner Brian Foran put his weight behind the two firms saying that they will be successful in implementing the emerging financial technologies such as blockchain. Goldman Sachs is supporting bitcoin and blockchain companies such as Circle Internet Financial and may even....
JPMorgan’s analysts have predicted significant demand for bitcoin following the $100 million purchase of the cryptocurrency by Massmutual. The analysts believe that other traditional investors, including pension funds, will follow suit, leading to a conservative estimate of $600 billion demand for bitcoin. $600 Billion Demand for Bitcoin JPMorgan Chase’s analysts wrote a note Friday explaining why they see significant demand for bitcoin. They explained that the recent investment of $100 million in the cryptocurrency by mega insurer Massachusetts Mutual Life Insurance Co.....
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....
Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this potential growth, that at best, might pass the $100 billion mark.
JPMorgan Analysts Believe Metaverse Gaming Set to Boom in China
The metaverse and the market derived from this new industry trend have been objects of study by different institutions interested to enter this newfound market.....
The crypto space is abuzz with renewed interest as prominent pro-XRP lawyer and enthusiast, John E. Deaton revealed the existence of an undisclosed XRP memo from years ago. Long-Hidden SEC Memo Unveiled To The Public On August 27, lawyer and digital analyst, Bill Morgan replied to a comment made by a fellow X user, Sandy […]