JPMorgan CEO Jamie Dimon Acknowledges Bank's Extensive Blockchain Use with $700 Billion in Transactions

Sep 18, 2024, 12:57 AM

Jamie Dimon, CEO of JPMorgan Chase, has stated that the bank is probably one of the biggest users of blockchain technology. Despite his long-standing skepticism towards cryptocurrencies, Dimon emphasized that blockchain is a good way to share data. JPMorgan's Onyx network, a private Ethereum fork, has facilitated over $700 billion in transactions. As the largest bank in the United States, Dimon's remarks highlight a significant shift, as he previously dismissed Bitcoin as a 'pet rock.'