Jamie Dimon, chairman and president of JP Morgan Chase, states his bank can find out from disruptive payment systems like bitcoin.
Dimon, notoriously dismissive of the digital currency, made the comments in his yearly letter to JP Morgan shareholders, keeping in mind:
“You all have actually read about bitcoin, merchants building their own networks, PayPal and PayPal look-alikes. Payments are an important company for us– and we are fairly proficient at it. However there is much for us to learn in regards to real-time systems, better file encryption techniques and a reduction of costs and ‘pain points' for clients.”
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