Shoppers of JPMorgan Chase (JPM) will quickly have the choice to purchase bitcoin
, in accordance with CEO Jamie Dimon, who spoke on the financial institution’s annual Investor Day on Monday, signaling a shift in how the agency approaches the asset.
“We’re going to mean you can purchase it,” Dimon instructed shareholders, although he added the financial institution has no plans to carry the asset in custody.
Dimon, long known for his skepticism of cryptocurrency, doubled down in his closing remarks, saying he’s nonetheless “not a fan” of bitcoin, primarily due to its use for unlawful actions, together with intercourse trafficking and cash laundering
He additionally pushed again on the business’s hype round blockchain expertise, arguing it is much less vital than it is made out to be — whilst JPMorgan continues constructing within the house.
“We’ve got been speaking about blockchain for 12 to fifteen years,” he mentioned. “We spend an excessive amount of on it. It would not matter as a lot as you all suppose.”
The financial institution’s personal blockchain platform, Kinexys, not too long ago ran a test transaction on a public blockchain for the primary time, settling tokenized U.S. Treasuries on Ondo Chain’s testnet.
