JPMorgan chief executive Jamie Dimon might have softened his stance on bitcoin since calling it a “fraud” last year, but the banking giant has given its clearest signal yet that it is taking cryptocurrencies seriously. The US bank has just moved Oliver Harris, the head of an in-house scheme to develop new financial technologies, into a role looking at the use of cryptocurrencies across its corporate and investment bank, according to people familiar with the matter. ...
US bank Harris is exploring the cryptocurrency space, less than nine months after CEO Jamie Dimon dismissed it as a "fraud". The company recently appointed Oliver JPMorgan to examine the use of digital currencies across its corporate and investment operations. JPMorgan will also oversee Harris's in-house blockchain project Quorum, and examine how distributed ledger technology could be used in payments.