A crypto wallet for JPMorgan can be a little surprising, considering the banking giant has never really been very affectionate about crypto.
Topping the list of the largest banks and bank holding companies by market cap, JPMorgan is taking a different stance and now joins the growing number of people and financial institutions adopting crypto wallet.
It can be recalled that back in May of this year, Jamie Dimon, the CEO of the financial institution with an overall valuation of $390.26 billion, surprised everyone when he said Bitcoin has “significant upside.”
Dimon’s statement came as a shock to a lot of people as he was known to be skeptic about cryptocurrencies and the effects they have on the current financial system.
Just last August, it was revealed that JPMorgan quietly moved to give its wealth management clients access to a total of six crypto funds with the program that was implemented as early as July.
Recently, in November 2, the American banking leader successfully executed its first ever decentralized finance (DeFi) trade that was facilitated on the Polygon blockchain network.
It turns out the banking juggernaut is not yet done flexing its muscle in this burgeoning crypto wallet industry.
Image: Forage
JPMorgan Wants Its Own Crypto Wallet
On November 15, the United States Patent and Trademark Office (USPTO) granted the…
