JPMorgan CEO Jamie Dimon says blockchain and stablecoins are real and will be used by all
Key Takeaways
- Jamie Dimon remarked that blockchain and stablecoin technologies are real.
- Dimon pointed out how smart contracts can improve efficiency.
JPMorgan CEO Jamie Dimon has acknowledged that blockchains and stablecoins are real technologies that will help deliver more efficient transactions and better customer experiences.
“Crypto is real, if you mean blockchains, stablecoins, you have a JPMorgan deposit coin, you can move stuff. Smart contracts are real. All that stuff is real. It will be used by all of us to facilitate, you know, better transactions and customer service,” said Dimon, speaking at the 9th edition of the Future Investment Initiative (FII9) in Riyadh, Saudi Arabia, this week.
JPMorgan plans to allow institutional clients to use Bitcoin as collateral for fiat loans, marking a practical shift toward mainstream integration of digital assets into traditional banking services.
The move positions JPMorgan among traditional banks embracing cryptocurrencies for real-world financial applications, signaling growing institutional recognition of digital assets’ role in modern finance beyond its early alleged associations with illicit activities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tron Network Sees Record Transaction Surge as Retail Adoption Soars
Uniswap Latest Updates: Large Investors and DeFi Movements Drive UNI Closer to $22 Surge
- Uniswap (UNI) faces potential $22 surge by 2025 as technical indicators and whale activity signal bullish momentum. - DeFi's $32B tokenized RWA growth and institutional adoption reinforce UNI's role in bridging TradFi and decentralized ecosystems. - Protocol upgrades like Uniswap V4 and whale-driven liquidity accumulation strengthen its market leadership amid evolving DeFi infrastructure. - Regulatory clarity and Ethereum scalability improvements could further boost UNI's long-term adoption, though compe
Dogecoin News Today: Dogecoin's Recent Decline: Is This a Prolonged Bear Market or the Foundation for a Future Rally?
- Dogecoin faces short-term sell-off as large holders offload 440 million tokens, pushing price to $0.19 with 6% weekly decline. - Whale activity shows $26.8 million moved to exchanges, while technical indicators signal breakdown below key support levels. - Despite bearish trends, historical patterns suggest potential for third bull cycle with unconfirmed $5-$7 price targets. - Upcoming Dogecoin Treasury listing could attract institutional investors, though timing overlaps with recent distribution pressure
Bitcoin Updates: Worldwide Regulatory Battles Intensify Amid Crypto Boom
- Global regulators intensify scrutiny of crypto as stablecoins reshape financial frameworks, prompting regulatory adjustments in Japan, France, and the U.S. - Japan's FSA proposes allowing banks to hold crypto for investment, aiming to position the country as a crypto-friendly hub amid rising onchain activity. - France rejects ECB's digital euro plan, pushing for Bitcoin reserves and relaxed capital rules to counter 1,250% buffers on crypto-collateralized loans. - U.S. sees USDC outpace USDT as Visa expan
Trending news
MoreCrypto prices
More
