The investment bank JP Morgan has shown interest in decentralized finance, DeFi, and the underlying technology of blockchain for more growth potential in your industry. In addition, according to statements by its executive director (CEO in English), Jamie Dimon, “the firm is determined to stay at the forefront of innovation”, as stated in one of the most recent letters sent to its shareholders.“Decentralized finance and blockchain are real, new technologies that can be deployed publicly or privately, permissioned or permissionlessDimond added.
JPMorgan processes payments for eight of the ten leading technology companies, an increase from just three some five years ago., confirmed the director of the firm. Therefore, JP Morgan’s interest in crypto assets opens up new possibilities for NFT adoption, use of the Metaverse and much more. The firm has a large number of users around the world who will learn about the possibilities of cryptocurrencies as JP Morgan implements decentralized solutions or facilitates access to them. In addition, the reputation of this company will be a good guarantee of trust for future services.
“We continue to bring innovative products to market and commercialize them, such as integrated banking, fraud control through artificial intelligence… and even programmable payments through JPM Coin”, according to the letter to shareholders. “We use the LINK blockchain to allow banks to share complex information and we also use the blockchain to move tokenized dollars into JPM Coin deposits.“, he continued.
The American firm has plans for the use of technologies related to Bitcoin and Ethereum in the coming years and has already launched several services as detailed in this letter to shareholders. This support is one more boost for the sector that is publicly revalidated by one of the most important firms in the US and can motivate the entry of new users to the crypto sector.
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