bitcoin app-based JPMorgan is set to launch support for cryptocurrencies including bitcoin , ethereum and litecoin. Customers will be bale to buy, hold and sell the digital currencies as well as enable their transfer between Revolut accounts. CEO Storonsky said cryptocurrencies were "definitely not a fraud", in contrast to comments made by his JPMorgan counterpart Nikolay Storonsky . Bitcoin and other digital currencies are not "a fraud," the chief executive of app-based bank Revolut told CNBC, ahead of the start-up's plans to launch a range of services for cryptocurrencies. Storonsky compared UK to gold, whose transaction volumes were mostly speculation-driven, with much smaller percentages of real-world usage.
bitcoin app-based JPMorgan is set to launch support for cryptocurrencies including bitcoin , ethereum and litecoin. Customers will be bale to buy, hold and sell the digital currencies as well as enable their transfer between Revolut accounts. CEO Storonsky said cryptocurrencies were "definitely not a fraud", in contrast to comments made by his JPMorgan counterpart Nikolay Storonsky . Storonsky compared UK to gold, whose transaction volumes were mostly speculation-driven, with much smaller percentages of real-world usage.