JP Morgan proposed a Bitcoin payment system back in 2013. It has been monitoring the opportunities offered by the crypto space for years. In 2022, it has repeatedly shown that it is growing in the development of the crypto market, especially Bitcoin. In May, she said that crypto is important and should be among everyone’s investment choices. Recently, the bank conducted some of the first banking transactions based on the blockchain. This, as part of a pilot program with DBS Bank and SBI Digital Asset Holdings. A month ago, the banking giant announced that it was exploring the possibility of a blockchain-based wallet. He just released an update for this.
JP Morgan Wallet wants to make it easier to exchange cryptocurrencies
In the US, it is owned by JPMorgan deposit Brand new e-wallet. Named JP Morgan Wallet, this wallet will allow the exchange and transfer of cryptocurrencies. The trademark has been filed with the United States Patent and Trademark Office, USPTO. The office indicates that the date of the operation starts from November 15 last.
Thanks to this new move, Bank proposal for Crypto and Bitcoin services to its existing client base. It will also offer virtual checking accounts.
“Through this wallet, we will provide electronic digital currency transfer services, electronic transfers of virtual currencies for the use of community members online, via a global computer network, and we will promote virtual currency financial exchange, cryptocurrency payment processing, credit card and teller payment processing services, processing services Pay with debit and credit cards, etc. »He explained Onyx, which is the branch of the bank responsible for blockchain, cryptocurrency, etc.
The announcement from JPMorgan comes as its CEO, Jamie Dimon, said, critical Always encryption. The leader struggles to understand why cryptocurrencies have any value. Surprisingly, he has a positive view of the blockchain.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only fueled my enthusiasm. So I decided to study and understand the blockchain and its many uses and pass on my pen information related to this ecosystem.