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
Kite’s tokenomics prioritize the community, dedicating 48% to ecosystem development
- Kite's KITE tokenomics allocate 48% of 10B tokens to ecosystem/community, prioritizing user rewards, governance, and dApp development. - 20% reserved for founding team/advisors with vesting schedules, while 12% goes to investors, ensuring aligned long-term incentives. - $33M funding led by PayPal Ventures and Coinbase integration of x402 standard enable AI agent transactions and e-commerce partnerships. - Strategic focus on decentralized infrastructure faces regulatory/market risks but leverages phased t
Ethereum News Update: KITE's 'Fly the Kite' NFT and Testnet Enhance Web3 Accessibility
- KITE Foundation completes Ozone Testnet and "FLY THE KITE" NFT snapshot, advancing Web3 accessibility with 40% throughput improvement. - NFT snapshot grants governance rights and staking rewards, aligning with decentralized management strategies seen in institutional Ethereum accumulation. - Hybrid PoS-sharding consensus mirrors Ethereum's scalability goals, targeting AI-driven DeFi and cross-border payment markets via partnerships with Asian fintech startups. - Despite regulatory risks and crypto market
Hyperliquid News Today: Buddy's Careful Approach Contrasts with Hyperliquid's Strong Uptrend
- High-profile trader "Buddy" has shifted to cautious, incremental moves in Hyperliquid, adding $14,000 in margin—far below his prior $220,000 aggressive bets. - Hyperliquid's HYPE token surged 25% to $48.70, driven by $624M daily volume and rising institutional interest, including a $1B SEC filing for HYPE staking. - Technical indicators (Aroon Up 71.4%, RSI 61) and whale activity ($182.6M long profits) signal bullish momentum, while open interest hits $1.97B post-October 11 crash. - Buddy's retained ETH/
Cardano News Update: Solana's ETF Progress Poses a Threat to Cardano's Market Standing
- Cardano (ADA) fell 20% amid a "death cross" pattern and delays in crypto ETF approvals, intensifying market concerns. - Solana's (SOL) momentum from approved single-asset ETFs and institutional adoption, including Reliance Global Group, challenges Cardano's position. - Cardano's x402 integration and Ouroboros Leios upgrades aim to boost scalability but struggle to offset ETF-related investor anxieties. - Analysts warn multi-asset ETFs like Grayscale's GDLC may not match Solana's institutional enthusiasm
Trending news
MoreCrypto prices
More
