JPMorgan Co-President Jerry Pinto: ‘Cryptocurrency Will Play Role in Future’

Written by:
Guest
Published on:
May/16/2018

Speaking to CNBC Wednesday, JPMorgan co-president Jerry Pinto confirmed the bank was “looking into” the Bitcoin space.

Pinto said when asked about the future of Bitcoin and JPMorgan's position on cryptocurrencies:

"We are looking into that space. I have no doubt that in one way or another, the technology will play a role. [Regarding bitcoin], you cannot have something where the business proposition is to be anonymous and to be the currency for unknown activities. That will have a very short life, because people will stop believing in it, or the regulators will kill it. I think the concept is valid, you have many central banks looking into. The tokenization of the economy, for me, is real. Cryptocurrencies are real but not in the current form.

"If we need to clear futures of bitcoin, can we do it? Yes. Have we done it? No."

The financial institution's current CEO, Jamie Dimon had backed off on his earlier notion that bitcoin was a "fraud".

"I regret making" that comment, he said in early January, speaking on Fox Business. "The blockchain is real," Dimon added in the interview.

- Aaron Goldstein, Gambling911.com

Business/Financial News

The Truth About Becoming A Successful Online Bookie Agent

A lot of misinformation exists about becoming a successful online bookie agent. Check out falsehoods and truths about becoming the successful bookie you’ve always dreamed of being.

Why Use Weekend Promoted Parlays In Your Sportsbook Anyways?

We try to breakdown profitable weekend promoted parlays to make pay per head agents more money and bring in more action. But, why do we insist on them? Check out 3 reasons it’s time to start promoting parlays.

How to Understand Sports Betting Odds: A Guide to Figuring Out How Betting Lines Are Set

How to Understand Sports Betting Odds: A Guide to Figuring Out How Betting Lines Are Set

Figuring out how to understand sports betting odds isn’t all that simple. It’s a delicate dance that relies on a perfect blend of mathematics, research, and dash of industry-specific intuition. That being said, our goal today is to explain this in a much broader, simpler way.

How Do Bookies Work?

How Do Bookies Work?

Bookies work pretty straightforwardly; they accept sporting event bets from their clients and then manage all of the bets through their “book”, which can be an actual book or some kind of sports bookie software program.

Create A Lucrative Sportsbook Empire With These 3 Premium PPH Tools

Create A Lucrative Sportsbook Empire With These 3 Premium PPH Tools

Dreaming of creating a sportsbook empire you can retire on one day? Daydreaming is over. Have these 3 premium PPH tools in your toolbox and unlock the potential in your sportsbook business.

Syndicate