Jamie Dimon Reveals JPMorgan’s Heavy Use of Blockchain & Dismisses Cryptocurrencies as a 'Pet Rock' 💼

Jamie Dimon, CEO of JPMorgan Chase, stated that the bank is “probably one of the bigger users of blockchain” during an interview on Tuesday at the Financial Markets Quality Conference.

What Happened: Dimon, who has been skeptical of cryptocurrencies, emphasized that JPMorgan is an “actual user” of blockchain technology. He described blockchain as “just a database” and highlighted its utility in sharing data and building trust between banks and customers, reported The Block.