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 behi...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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).
JPMorgan is at the forefront of Blockchain tech innovationIn 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.
Bitcoin is heading to new ATHsNicholas 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.
The post JPMorgan CEO Jamie Dimon Praises Blockchain And DeFi first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
DeFi governance gap allows one wallet to request 98% of Ampleforth treasury’s USDC balance
Ampleforth, a DeFi protocol governed by FORTH token holders, saw Proposal 54 canceled on-chain before its voting window opened. Th...
Did crypto’s $20 Billion DeFi surge just get stolen by price inflation?
The central question behind DeFi's latest rebound is whether protocols gained fresh deployable liquidity or simply more valuable c...
Ethereum (ETH) Price Prediction: $74M Liquidation Flush Puts the $2,450 Support Zone in the Spotlight
Ethereum is trading near $2,483 after falling roughly 1.47% over the past 24 hours, according to Brave New Coin data. ETH briefly...
ONDO Finance joins DTCC’s Fund/SERV, putting tokenized funds on the same rails as 85% of US mutual fund transactions
Ondo Finance's integration into DTCC's Fund/SERV could accelerate the mainstream adoption of tokenized funds by simplifying access...
Blockchain finance platform Theo launches tokenized silver backed by $40 million in active leases
The onchain finance platform said thSLVR allows investors to retain exposure to silver while earning income from lending the metal...
Deutsche Bank Confirms Bitcoin and Ether Custody Launch, Still Subject to Regulators
Deutsche Bank said on Wednesday that it will hold bitcoin, ether and selected stablecoins for European institutional and corporate...