JPMorgan CEO Jamie Dimon Praises Blockchain And DeFi

The mass adoption of crypto and their underlying tech, the blockchain are going to the moon these days.

It’s been just reported that the crypto skeptic and JPMorgan CEO Jamie Dimon says there is validity and utility behind blockchain technology and decentralized finance (DeFi).

In a new letter to shareholders, Dimon says JPMorgan is at the forefront of innovative blockchain technology which he made sure to praise.

“We now process payments for eight of the top 10 global Big Tech companies (up from three out of 10 companies five years ago), consistently winning business from strong competitors.”

He continued and said this:

“We continue to bring to the market and commercialize innovative products, such as embedded banking; AI-driven fraud controls and forecasting; and account validation and programmable payments on JPM Coin.”

He also addressed the fact that DeFi and the blockchain are real:

“Decentralized finance and blockchain are real, new technologies that can be deployed in both public and private fashion, permissioned or not. JPMorgan Chase is at the forefront of this innovation.”

It’s also important to note the fact that JPMorgan employs a platform called Liink. This is a blockchain developed by Onyx, an arm of the banking giant.

According to Onyx, Liink is focused on providing seamless data-sharing abilities between institutions.

Dimon believes Liink and technologies like it have the power to enhance and improve contracts, according to the latest reports.

Nicholas Merten recently said that he believes this time we can see Bitcoin get back above that range and set new all-time highs but on top of that make that previous resistance range of higher highs, make that into new support.

It’s also important to note that Merten foresees Bitcoin flipping $65k from resistance to support and using that support to boost itself to previously unseen levels before the end of the year.

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $46,626.