“I probably should not say anything else about cryptocurrencies.” This is how Jamie Dimon, CEO of JPMorgan Chase, stated in an interview in the Harvard Business Review (July-August 2018 issue).
To the question of what he considers to be the main competitive threat to the bank, he responded:
“The biggest potential disruption to our business is new forms of payment. You have PayPal, Venmo, Alipay, and more. These companies are doing a good job of embedding basic banking services in their chats, their social, their shopping experience.”
On crypts, he declared:
“I probably shouldn’t say any more about cryptocurrency. But it’s not the same as gold or fiat currencies. Those are supported by law, police, courts. They’re not replicable, and there are strictures on them. Blockchain, on the other hand, is real. We’re testing it and will use it for a whole lot of things.”
Here, it is important to note that the blockchain technology Dimon is talk about is Quorum, an enterprise-focused version of Ethereum.
It seems that Dimon has recognized the silliness of his initial very negative stance on Bitcoin since he has gone from calling it a fraud to saying he is not interested in Bitcoin to realizing the wisdom of staying silent on a subject that he clearly does not understand well, even though within JPMorgan people are aware of the important of Bitcoin and other cryptocurrencies.
The difficult thing is not to learn, the difficult thing is to know how to teach.
Editor and coordinator of the free book “La era de las BLOCK punto COM”
CEO of bitcoiner.today