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International Business Times
International Business Times
Business
Marvie Basilan

JPMorgan uses blockchain, but it's 'just a database' for Jamie Dimon

Jamie Dimon JPMorgan blockchain JPMorgan Chase Bitcoin Crypto
Jamie Dimon remains unconvinced about the potential of cryptocurrencies, and while he acknowledges use cases for blockchain, he believes it's "just a database." (Credit: AFP)

KEY POINTS

  • Dimon said blockchain is not like AI, and it's just 'a new piece of computer technology'
  • He reiterated that he isn't a fan of crypto and in his eyes, Bitcoin is still a 'pet rock'
  • Dimon previously referred to digital assets as decentralized Ponzi schemes

Jamie Dimon, the CEO of JPMorgan Chase, is known for his skepticism toward cryptocurrencies, drawing the ire of digital asset users for his critical words against the rising industry.

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