JPMORGAN HOLDS BITCOIN
On February 14, 2018, JPMorgan Chase, one of the largest banks in the United States, announced it would begin using the bitcoin blockchain to provide instant settlement for payments made using the bank’s Quorum platform. The news sent shockwaves through the financial world, with many wondering if this signaled the beginning of a wider adoption of cryptocurrency and blockchain technology by traditional financial institutions.
So, does JPMorgan hold bitcoin? The answer is a bit complicated. While the bank has been a vocal critic of bitcoin in the past, it has also been investing in blockchain technology and exploring ways to use it to streamline various aspects of its business.
It’s safe to say that JPMorgan is open to the idea of using cryptocurrency and blockchain technology, but whether or not it actually holds any bitcoin is unclear.
It’s worth noting that even if JPMorgan doesn’t currently hold any bitcoin, it could very well start doing so in the future. After all, if more and more banks begin using blockchain technology for payments, it would make sense for JPMorgan to want to get in on the action.
Only time will tell if JPMorgan ends up being a major player in the world of cryptocurrency.
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