Jamie Dimon Says Blockchain Is ‘Real’ And Becoming More Effective And Efficient: JPMorgan Ready To Tap In To The Technology, Says CEO

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM), expressed his support for blockchain and stablecoin on Monday, stating that the banking giant is open to leveraging the technology to improve services for its clients.

Dimon Reiterates Blockchain Is ‘Real’

During an interview with Fox Business, Dimon said blockchain technology is “real” and is growing more “efficient” and “effective” as people find it faster and cheaper.

Smart contracts would probably be real. We are working on a stablecoin,” Dimon said. “We are going to do the same thing, in tokenization.”

“As a payment system, a network, if we can use things like that to do something better, faster, cheaper for clients, we’re going to,” said the CEO of America’s largest bank.