US bank JPMorgan is exploring the cryptocurrency space, less than nine months after CEO Jamie Dimon dismissed it as a "fraud". The company recently appointed Oliver Harris to examine the use of digital currencies across its corporate and investment operations. Bitcoin has been around for about two years but was only officially recognised by banks in 2013.
US bank JPMorgan is exploring the cryptocurrency space, less than nine months after CEO Jamie Dimon dismissed it as a "fraud". The company recently appointed Oliver Harris to examine the use of digital currencies across its corporate and investment operations. Harris will also oversee JPMorgan's in-house blockchain project Quorum, and examine how distributed ledger technology could be used in payments.