JPMorgan explores using customers 'cryptocurrency as collateral to issue loans
Internet reports that JPMorgan Chase is exploring the possibility of issuing loans using customers 'cryptocurrency assets as collateral, another sign that one of the largest banks in the United States is pushing cryptoassets into the mainstream financial system. If this policy is finally implemented, it will mark a major shift in the position of JPMorgan CEO Dimon. Eight years ago, Dimon called Bitcoin "a scam," claiming that it "will eventually collapse" and would only be useful to drug dealers and murderers. According to people familiar with the matter, JPMorgan Chase may begin accepting crypto-assets such as Bitcoin and Ethereum as collateral to issue loans directly as early as next year, but the plan may still change. JPMorgan declined to comment. (Jin Shi)
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.