JPMorgan Chase CEO: Companies involved in stablecoins are very smart; they are trying to create bank account alternatives
On July 16, according to Jinshi Data, JPMorgan Chase's Jamie Dimon said in a conference call record from AlphaSense that fintech companies involved in stablecoins are "very smart" and are trying to create an alternative to bank accounts and enter payment systems and reward programs. Jamie Dimon explained, "JPMorgan Chase must be aware of this, and the way to be aware is to participate, so we will enter this field, continue to learn, and become a member of it." In June of this year, JPMorgan Chase launched the U.S. dollar deposit token JPMD, which is available for institutional clients to make digital payments on public blockchains. [TechFlow]
JPMorgan Chase CEO: Companies involved in stablecoins are very smart; they are trying to create bank account alternatives
On July 16, according to Jinshi Data, JPMorgan Chase's Jamie Dimon said in a conference call record from AlphaSense that fintech companies involved in stablecoins are "very smart" and are trying to create an alternative to bank accounts and enter payment systems and reward programs. Jamie Dimon explained, "JPMorgan Chase must be aware of this, and the way to be aware is to participate, so we will enter this field, continue to learn, and become a member of it." In June of this year, JPMorgan Chase launched the U.S. dollar deposit token JPMD, which is available for institutional clients to make digital payments on public blockchains. [TechFlow]
