JPMorgan Chase is one of the largest users of blockchain technology, according to its CEO Jamie Dimon, as reported by The Block.

“It’s just a database. […] A great way to exchange them and build trust between banks and customers. We’ve been talking about blockchain for 12 years, but not much has happened — it’s not like AI,” explained Dimon in response to a question about innovative technologies.

Dimon stated that JPMorgan Chase is unlikely to issue loans backed by cryptocurrencies. However, this does not prevent the bank’s clients from accessing certain digital asset-related services.

Dimon’s stance on Bitcoin remains unchanged. During the interview, he referred to it as a collectible toy, comparing it to the Pet Rock.

It’s worth recalling that in April, the CEO of JPMorgan once again called digital gold a scam and a public decentralized Ponzi scheme.

In December 2023, during a meeting with U.S. lawmakers, Dimon emphasized the need for serious regulations for cryptocurrencies, calling for their “shutdown.”

Earlier, Dimon also expressed doubts about the 21 million coin supply cap for Bitcoin.