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Cryptocurrency “Will Play a Role” in Future

JPMorgan co-president Jerry Pinto confirmed the financial institution used to be “looking into” the Bitcoin area May 16, announcing cryptocurrency “will play a role” in the long run.

Speaking to CNBC over two interviews, Pinto, who might be in line to be successful CEO Jamie Dimon, mentioned that JPMorgan is in a position to industry Bitcoin futures however has now not but opted to take action.

“We are looking into that space. I have no doubt that in one way or another, the technology will play a role,” he spoke back when requested about buying and selling Bitcoin-based merchandise.

“If we need to clear futures of bitcoin, can we do it? Yes. Have we done it? No.”

Pinto’s impartial stance continues the funding banking massive’s relatively combined indicators about Bitcoin in 2018.

Despite banning customers from buying cryptocurrency the use of its bank cards, senior executives – together with the as soon as infamously bearish Dimon – have variously spoken out in regards to the beneficial aspects of each Bitcoin and blockchain era.

Pinto, too, sees the way forward for the financial system incorporating facets which have been born with the mainstream access of cryptocurrency.

“The tokenization of the economy, for me, is real,” he persevered.

“Cryptocurrencies are real but not in the current form.”

JPMorgan is operating on blockchain integration, Cointelegraph reported previous this month, submitting a patent for real-time p2p interbank transfers the use of the era.

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