JPMorgan CEO who called Bitcoin "fraud" now wants your crypto as loan collateral
Key Points
- JPMorgan is now allowing clients to use Bitcoin and Ethereum...
Remember when Jamie Dimon called Bitcoin a fraud back in 2017? Well, JPMorgan's CEO might want to update his LinkedIn because his bank is now planning to let you use that same "fraudulent" Bitcoin as collateral for loans. Talk about character development.
On this fine Tuesday, July 22nd, the banking world witnessed two major institutions officially joining the "if you can't beat them, join them" club. PNC Financial Services Group announced a partnership with Coinbase to offer digital currency services to their wealth management clients, while JPMorgan is developing a crypto-backed lending pro...
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