JPMorgan Co-President is Optimistic about Cryptocurrency

JPMorgan Co-President Jerry Pinto: Cryptocurrency Will Play a Role in Future

JPMorgan co-president Jerry Pinto affirmed the lender was “looking into” the Bitcoin distance May 16, stating cryptocurrency “will play a role” in the long run.

Talking to CNBC over two interviews, Pinto, that might be in line to succeed CEO Jamie Dimon, stated that JPMorgan can exchange Bitcoin futures but hasn’t yet chosen to do so.

“We’re looking within that space. I don’t have any doubt that in 1 manner or another, the tech will play a role,” he replied when asked about trading Bitcoin-based products.

“If we need to clear futures of bitcoin, can we do it? Yes. Have we done it? No.”

Pinto’s impartial stance proceeds that the investment banking giant’s slightly mixed signals about Bitcoin in 2018.

Despite prohibiting clients from buying cryptocurrency with its credit cards, senior executives such as the formerly famously bearish Dimon – have spoken out regarding the valuable aspects of the Bitcoin and blockchain technology.

Pinto, too, sees the future of this market incorporating aspects that were born together with the mainstream entrance of cryptocurrency.

“The tokenization of this market, for me, is real,” he continued.

“Cryptocurrencies are real but not in the current form.”

JPMorgan is functioning on blockchain integration, Cointelegraph reported earlier that month, submitting a patent for real time p2p interbank transfers utilizing the technologies.

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