News Explorer — JPMorgan Chase Head Jamie Dimon Hates Bitcoin, Loves Blockchain

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Sep 18, 8:44 pm

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JPMorgan Chase Head Jamie Dimon Hates Bitcoin, Loves Blockchain

Despite Jamie Dimon's criticism of Bitcoin and cryptocurrency, JPMorgan Chase, one of the largest banks in the world, is a significant user of blockchain technology. Dimon stated that the bank is a "real" user of blockchain, emphasizing its practical application rather than illicit activities like sex trafficking. JPMorgan Chase utilizes blockchain for its JPM Coin product, enabling automated fund transfers based on predetermined conditions.

Despite Jamie Dimon's criticism of Bitcoin and cryptocurrency, JPMorgan Chase, one of the largest banks in the world, is a significant user of blockchain technology. Dimon stated that the bank is a "real" user of blockchain, emphasizing its practical application rather than illicit activities like sex trafficking. JPMorgan Chase utilizes blockchain for its JPM Coin product, enabling automated fund transfers based on predetermined conditions.

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