JP Morgan (NYSE:J) reported that " the concept of virtual money is unlikely to be completely eliminated. " This is in contrast to what Jamie Dieman, chief executive officer of JP Morgan, called Bitcone, a " scam. "
The coin telegraph said on July 10 (local time) that JP Morgan provided an opinion on how virtual currency should be used in the future, and that the companies have announced " virtual currency revaluation " with block technology.
" Virtual money will not go away, " JP Morgan said on the same day, adding, `` It will not be a virtual currency in any shape, as the number of users who seek decentralization, P2P (and anonymity) increased. '' The coin telegraph said that JP Morgan gave a vague description of how virtual money should be used in the future.
Virtual money is called the innovative whirlpool of block chain technology, JP Morgan said, explaining, As society and such a spiral rise occurs, the problem of price volatility will continue to grow.
In the report, block-chaining technologies were particularly positive. JP Morgan argues that functions such as the basic technology of virtual money, the speed of block chain technology, and others, can solve the flaws in the current payment system. The company cited cross-border payment systems and IoT.
Meanwhile, Jamie Diman, chief executive officer of JP Morgan, stirred up the virtual currency market last September by calling Bitcone a scam. Afterwards, he stated he would not comment anymore on the bit coins, saying, I regret having told me to buy a bit coin.
-Sources-
http://biz.chosun.com/site/data/html_dir/2018/02/12/2018021200927.html
