Selva + 252 SP February 28, 2018 JPMorgan Chase, the largest bank in the US which manages $2.53 trillion in assets, has formally acknowledged that cryptocurrencies and blockchain technology could disrupt banks. In its annual report which was filed with the US Securities and Exchange Commission (SEC), JPMorgan listed cryptocurrencies and peer-to-peer technology as potential disruptors to financial institutions and payment processors. Quote Share this post Link to post Share on other sites
Vlad Kovalenko + 115 VK February 28, 2018 And the report was signed by its CEO, known as a Bitcoin skeptic, who is marking cryptocurrency as a fraud. What a surprise. Quote Share this post Link to post Share on other sites
Adam Varga + 123 AV February 28, 2018 This guy even threatened to fire employees caught trading cryptoassets. Very bold. Quote Share this post Link to post Share on other sites
Vlad Kovalenko + 115 VK February 28, 2018 Blockchain tech is definitely more efficient and cost effective model compared to the existing banking legacy systems. Quote Share this post Link to post Share on other sites
Selva + 252 SP February 28, 2018 They are just whining because they have to adapt its products to attract and remain clients. Adapt or perish. 1 Quote Share this post Link to post Share on other sites
Vlad Kovalenko + 115 VK February 28, 2018 They are not the only one having problems with crypto. Bank of America admitted the same few days ago and Goldman Sachs also listed cryptocurrency as a business risk. Their stakes are losing the value. Crypto has shaken the ground under their feet. Quote Share this post Link to post Share on other sites
TraderTate + 186 TS February 28, 2018 Right, but they're backing Circle, which just acquired a crypto trading platform and is preparing to take on Coinbase and Kraken.... Quote Share this post Link to post Share on other sites
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