The project aims at transformation of loans and settlements with a help of blockchain technology.
Cloud mining provider, Genesis Mining, has started a new campaign mocking JP Morgan CEO Jamie Dimon.
The heads of the IMF and JP Morgan claim they don’t believe that bitcoin will achieve widespread usage in the next years.
Recently, JP Morgan Chase & Co. issued its annual letter to shareholders, in which Jamie Dimon, the company’s CEO, spoke about Silicon Valley’s startups as new rivals that are “looking to compete with banks.”
A recent report published by the British Bankers’ Association states that growing popularity of various cryptocurrencies is going to jeopardize “revenue streams of the traditional banking system.”