J.P. Morgan CIO Claims That Blockchain Will See Mainstream Adoption Very Soon

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Tue, 08/28/2018 - 14:11
Alex Dovbnya
J.P. Morgan rep Lori Beer said that distributed ledger will see even greater adoption in the nearest future, posing as a replacement for the existing technology
Cover image via U.Today

Lori Beer, who serves as chief information officer at J.P. Morgan, is making headlines because of her bold Blockchain predictions. During a press conference in Argentina, Beer said that distributed ledger would see even greater adoption in the nearest future, posing as a replacement for the existing technology.

She states that the American banking behemoth is already utilizing Blockchain in order to simplify the processing of transactions and ensure their clients’ privacy and safety.

When asked about crypto, Beer replied that J.P. Morgan is making baby steps towards exploring digital currencies, but will not trade unregulated assets.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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