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JPMorgan Chase CEO: Companies entering stablecoin space 'very smart', aiming to create alternative to bank accounts
Summary: In a recent AlphaSense conference call transcript, JPMorgan Chase CEO Jamie Dimon stated that financial technology companies entering the stablecoin space are 'very smart', as they are attempting to create an alternative to traditional bank accounts and enter payment systems and reward programs. Dimon explained, 'JPMorgan Chase must recognize this and the way to do ...
In a recent AlphaSense conference call transcript, JPMorgan Chase CEO Jamie Dimon stated that financial technology companies entering the stablecoin space are 'very smart', as they are attempting to create an alternative to traditional bank accounts and enter payment systems and reward programs. Dimon explained, 'JPMorgan Chase must recognize this and the way to do so is to participate, so we will enter this field, continuously learn, and become a part of it.' In June of this year, JPMorgan Chase launched the USD deposit token JPMD for institutional clients to conduct digital payments on public blockchains.
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