Crypto ‘Unlikely To Disappear’, Says Internal Report Attributed To J.P. Morgan
J.P. Morgan mentioned the "innovative milling flow" around Blockchain and said they were unlikely to disappear in what appears to be an internal report of the company, published February 8, 2018.
In & # 39; An excerpt from what is allegedly the banking giant's executive summary about cryptocurrency. The company looks bullish about the future of Crypto.
"Cryptocurrencies is the face of the innovative grinding current around the Blockchain technology that brings both massive price volatility and a constant trial. A disagreement of new production tests and failures.
Despite the mixed tone of the report, the distinction between JP Morgan's public position on kriptokurrency has been visible over the past six months.
In September, 2017, JP Morgan, CEO Jamie Dimon, blamed in 2017 after calling Bitcoin a "fraud", causing the very volatility that the bank now calls as a "challenge" script as
Dimon has then allegedly no longer talking about Bitcoin, revealing publicly that he made the fraud remarks last month.
Talking with Cointelegraph at the World Economic Forum in January 2018, Dimon de idea refuses to be a skeptic Sus was on Bitcoin.
The recently published report offers ideas on how cryptocurrencies can be used effectively.
] "CCs [Cryptocurrencies] are unlikely to disappear and can easily survive in different shapes and shapes between players who want greater decentralization, peer networks and anonymity even if the latter are threatened." The summary continues in a positive vein.
"CC's underlying technology [cryptocurrencies] can be the biggest application in areas where current payment systems are slow, such as cross-border, as payment, reward or funding system. For other Blockchain- innovations and the Internet of Things, as well as parts of the underground economy. "
Last week, JP Morgan was one of several US banks to prohibit customers from buying kriptokurrency with credit cards.
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