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Benzinga
Benzinga
Business
Murtuza J Merchant

Jamie Dimon Once Called Bitcoin A 'Fraud'—Now JPMorgan Might Lend Against It

Jamie Dimon JPMorgan Bitcoin Crypto Ethereum United States
Jamie Dimon Trying To Undermine Trump's Plans To Make US Crypto Capital Of The World, Says Tyler Winklevoss

JPMorgan Chase (NYSE:JPM) is reportedly preparing to offer loans backed by cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), marking a significant step toward integrating digital assets into traditional finance.

If finalized, the initiative could begin as early as next year, The Financial Times reported on Tuesday, quoting sources familiar with the bank's plans.

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