Investment Trading Bank JPMorgan Trademarks Crypto Wallet
A trademark for a cryptocurrency wallet has been officially registered by JP Morgan, a multinational bank with headquarters in New York. With Web3 and cryptocurrency advancement, the company is one of the few outside the cryptosphere that is perceived to be embracing this new global trend.
Integration Of Crypto Wallets In JP Morgan
One of the businesses outside the crypto world that has been sucked into Web3 and Crypto Space is listed as JP Morgan. With this new development, the use of cryptocurrency will become more widespread and gain a lot of traction.
The goal of this is to make it simple for customers to transfer virtual assets over a large computer network.
This trademark covers virtual asset exchanges as well as the processing and transaction of payments based on cryptocurrencies.
Previously, in 2018, the multinational bank JP Morgan proposed a payment system that uses Bitcoin. This entailed advocating for a peer-to-peer network that uses blockchain technology for bank transactions and cross-border payments.
Last month, the largest bank in the United States announced its intention to launch and investigate the ideas behind developing a digital asset wallet that users can access and use to store and make payments with cryptocurrency in the banking system.
JP Morgan also executed its first trade on the Decentralized Finance Network in October; An administrative financial office in Singapore supported and assisted with this.
CEO Of JP Morgan Is Not A Crypto Believer
Although JP Morgan has expressed interest in incorporating cryptocurrency into its operations, the bank’s CEO continues to hold to his anti-crypto stance. The CEO of JP Morgan, Jamie Dimon, has been adamantly opposed to this new trend and continues to criticize this currency. He had previously called Bitcoin expensive and dirty.
Dimon is still perplexed as to why people value and place such a high value on unstable assets like cryptocurrencies.
In contrast to his firm opinions on cryptocurrency, he has a positive outlook on blockchain technology, the foundation of crypto, NFTs, and many other web3 sectors.
He does not consider blockchain to be more dangerous or risky, but rather a promising technology that has great potential for the future.
The international bank JP Morgan launched its own coin, the JPM Coin, in October 2020 for trade.
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