**Jamie Dimon Acknowledges the Reality and Potential of Blockchain and Stablecoin Technologies**
At the 9th edition of the Future Investment Initiative (FII9) in Riyadh, Saudi Arabia, JPMorgan CEO Jamie Dimon emphasized the legitimacy and practical use of blockchain and stablecoin technologies in modern finance.
Dimon stated, “Crypto is real, if you mean blockchains, stablecoins, you have a JPMorgan deposit coin, you can move stuff. Smart contracts are real. All that stuff is real. It will be used by all of us to facilitate, you know, better transactions and customer service.” His remarks highlight the growing acceptance of these technologies as tools to improve transactional efficiency and enhance customer experiences.
JPMorgan is taking concrete steps to integrate digital assets into traditional banking. The bank plans to allow institutional clients to use Bitcoin as collateral for fiat loans. This move represents a practical shift toward mainstream adoption of cryptocurrencies within established financial services.
By embracing cryptocurrencies for real-world applications, JPMorgan positions itself among the traditional banks recognizing the evolving role of digital assets. This development signals a broader institutional acknowledgment that blockchain and related technologies extend far beyond their early associations with illicit activities, paving the way for their integration into the future of finance.
https://cryptobriefing.com/jpmorgan-ceo-jamie-dimon-crypto-real/