Jamie Dimon, CEO of US financial holding company JPMorgan Chase, spoke positively about the distributed ledger technology in an interview for Harvard Business Review. He also said that JPMorgan is testing the blockchain and will use the technology for many tasks.
At the same time Mr. Dimon noted that payment applications are the biggest threat for his company. New forms of payment are being actively implemented by PayPal, Venmo and Alipay. Dimon believes that these companies are doing a good job of introducing basic banking services in chats and other places where they interact with customers.
However, CEO of JPMorgan Chase did not want to talk about cryptocurrencies, saying that he should not comment on this topic any more. Earlier, Dimon had already spoken sharply about digital assets in public.
WHY IS IT IMPORTANT?
1. Dimon stated before that he was ready to fire any of his employees for trading bitcoins. Later he noted that he regrets such categorical statements
2. Not all employees of the financial holding share this view on cryptocurrencies. In May co-president of JPMorgan Daniel Pinto said: “I think the concept is valid, you have many central banks looking into. The tokenization of the economy, for me, is real. Cryptocurrencies are real but not in the current form.”