BTC and ETH to Be Used as Collateral (Report)
The banking giant first dabbled with the idea earlier this year.
After years of bashing and criticizing bitcoin and the rest of the cryptocurrency market, Jamie Dimon’s JPMorgan Chase & Co. appears a lot more positive toward the industry, and the latest push will reportedly allow institutional clients to use BTC and ETH as collateral for loans.
The Bloomberg report indicated that the crypto-related program will be offered globally and will rely on a third-party custodian to safeguard the assets.
Recall that such speculations first emerged earlier this summer when the Financial Times revealed the initiative could launch in 2026. However, those rumors were met with…
