- During JPMorgan's investor day, CFO Marianne Lake said the company's blockchain initiative — the Interbank Information Network — was working.
- Lake said other banks are looking to "join the party."
JPMorgan and crypto are a pair many might equate to oil and water.
The Wall Street giant's CEO — Jamie Dimon — famously called bitcoin a "fraud." And in a big regulatory filing the bank noted it could one day be disrupted by cryptocurrencies.
See the rest of the story at Business Insider
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See Also:
- Goldman Sachs investment chief: Bitcoin is definitely a bubble, Ethereum even more so
- Crypto mania is creating a 10x sales boost for compliance businesses: 'No company wants to deal with North Korean drug traffickers'
- Telegram is reportedly holding a 2nd pre-ICO sale but some crypto investors aren't touching it with a 10-foot pole
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