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JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon says blockchain technology will eventually replace large parts of the financial system infrastructure, even as he continues distancing himself from speculative cryptocurrencies.
“Not Worried About Stablecoins”
Speaking at the Reagan National Economic Forum on May 29, Dimon said JPMorgan is already one of the largest users of blockchain technology and expects major changes across payments and settlement systems.
He pointed to JPM’s deposit coin initiative, which already allows money movement around the clock.
“I do think it’ll replace financial market …
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