Are bankers in denial OR is everyone else wrong?

God Bless Bitcoin

“God Bless Bitcoin”…..or Not. Jamie Dimon (JPMorgan Chase CEO) is betting big on the technology behind ‘fraud’ bitcoin

  • JPMorgan Chase said Monday it is launching a blockchain-based system with two other banks to reduce global payment transaction speeds “from weeks to hours.”
  • On Friday, JPMorgan Chairman and CEO Jamie Dimon said he sees potential in blockchainA distributed database with of blocks containing time-stamped transaction information and digitally linked to those around them to create a tamper-proof chain., but said: “if you’re stupid enough to buy [bitcoin], you’ll pay the price for it one day.”
  • Blockchain creates a quick, permanent and transparent record of transactions, eliminating the need for third-party verification.

Dimon on bitcoin: If you’re stupid enough to buy it, you’ll pay the price one day from CNBC.

Is there fear in the banking industry OR is everyone else wrong?

 

Blockchain has tremendous momentum: Top payments analyst from CNBC.

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