JPMorgan Clients Will Soon Be Able to Buy Bitcoin, Jamie Dimon Confirms
JPMorgan Chase will soon allow clients to buy bitcoin, as announced by CEO Jamie Dimon during the bank's annual Investor Day. Key points include:
- Clients can purchase bitcoin, but the bank will not hold it in custody.
- Dimon remains skeptical of bitcoin, citing its association with illegal activities.
- He downplayed the importance of blockchain technology despite ongoing investments by JPMorgan.
- The bank's blockchain platform, Kinexys, successfully completed a test transaction on a public blockchain.