JPMorgan CEO: Companies involved in stablecoins are trying to create alternatives to bank accounts
According to online reports, JPMorgan Chase Jamie Dimon said in an AlphaSense conference call minutes that fintech companies involved in stablecoins are "very smart" and are trying to create an alternative to bank accounts and enter payment systems and reward programs. Jamie Dimon explained: "JPMorgan Chase has to be aware of this, and the way to realize it is to participate, so it will enter this field, learn and become a member of it."
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