A crypto wallet for JPMorgan can be a little surprising, considering the banking giant has never really been very affectionate about crypto. Topping the list of the largest banks and bank holding companies by market cap, JPMorgan is taking a different stance and now joins the growing number of people and financial institutions adopting crypto wallet. Get 30 FREE SPINS at Punt Casino – NO DEPOSIT REQUIRED! Start Playing Now.
5 BTC + 300 Free Spins for new players & 15 BTC + 35. 000 Free Spins every month, only at mBitcasino. Play Now! It can be recalled that back in May of this year, Jamie Dimon, the CEO of the financial institution with an overall valuation of $390.
26 billion , surprised everyone when he said Bitcoin has “significant upside. ” Dimon’s statement came as a shock to a lot of people as he was known to be skeptic about cryptocurrencies and the effects they have on the current financial system. Just last August, it was revealed that JPMorgan quietly moved to give its wealth management clients access to a total of six crypto funds with the program that was implemented as early as July.
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Recently, in November 2, the American banking leader successfully executed its first ever decentralized finance (DeFi) trade that was facilitated on the Polygon blockchain network. It turns out the banking juggernaut is not yet done flexing its muscle in this burgeoning crypto wallet industry. Image: Forage Related Reading: Study Shows Dogecoin Investors Among ‘Least Stressed’ In Aftermath Of FTX Disaster JPMorgan Wants Its Own Crypto Wallet On November 15, the United States Patent and Trademark Office (USPTO) granted the bank’s request for trademark for J.
P. MORGAN WALLET which will ultimately enable it to offer cryptocurrency wallet for digital currency transfer and exchange. Michael Kondoudis, a licensed metaverse trademark and NFT lawyer, confirmed the news through his Twitter account on November 21.
He said the registered crypto wallet trademark for digital assets such as Bitcoin will also enable crypto payment processing and virtual checking accounts. It will also encompass other related financial services such as counterparty funds and electronic transfer management. JPMorgan’s decision to have its own crypto wallet comes in addition to its efforts in exploring ways to incorporate blockchain technology to its services in order to provide safe exposure to crypto assets for its clients.
More TradFi-Related Companies Exploring Crypto Just last month, global financial services leader Visa detailed its plans for cryptocurrency transactions management and the creation of a virtual environment for user interaction through its two crypto-related trademark applications with the USPTO. American Express, on the other hand, partnered with crypto wealth manager Abra back in June to launch its first crypto product that enabled its users to be rewarded with digital currencies for any purchase that they make. With JPMorgan Chase taking its crypto adoption measures one step higher, it won’t be a surprise if other traditional global finance-related companies follow suit.
The crypto space, however, might need to hold its breath for a while as the ongoing bear market could easily become a deal-breaker for any plans these institutions may already have. Related Reading: Bitcoin Decline May Soon Be Over As BTC Is Seen Hitting $250,000 In 1st Half 2023 MATIC total market cap at $762 billion on the daily chart | Featured image from Business Mirror, Chart: TradingView. com Share Tweet Share Share Sign Up for Our Newsletter! For updates and exclusive offers enter your email.
Sign Up I consent to my submitted data being collected and stored. Leave this field empty if you’re human: Christian Encila Freelance writing is Christian’s other cup of tea. When not on his computer, he unwinds with a cold bottle of beer and laughs with his son over cartoons.
Other than that, he’s just like everybody else who wants to be happy with their life. Related Posts Chainlink Rallies 10% As Active Addresses Stay At 1-Year High 13 hours ago Parents Of FTX Founder Bought $120 Million In Real Estate With Your Money? 15 hours ago Central Bank Of Hong Kong Reveals Its Assessments On Crypto-Backed Stablecoin 19 hours ago Mattel Launches NFT Platform Via ‘Mattel Creations,’ Pivots From WAX To Flow Blockchain 1 day ago FTX Crypto Exchange Backed Liquid Exchange Suspends Trading Activities 2 days ago This Major Investor Claims Crypto Is Here To Stay 2 days ago.
From: bitcoinist
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