Today JP Morgan’s Takis Georgakopoulos said that six months ago, the bank saw a lot of demand from clients for cryptocurrencies as a payment method. “We see very little right now,” said the bank’s head of payments talking to Bloomberg today.
“But we continue to support those use cases. We don’t take principal risk. But if someone wants to use their crypto as a payment method, we can support that. Just it’s a niche use case, at least for now.”
Earlier, he discussed the bank’s approach to blockchain and digital currencies. He views distributed ledger as an alternative payment rail in the future.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
