By offering loans using digital currencies as guaranteed, users can hypotheque Bitcoin and Ethereum to obtain loans.
The reports indicate that JPMorgan is studying the launch of a service that allows customers to borrow money in exchange for guarantees in Bitcoin and Ethereum from next year, according to the sources of the Financial Times newspaper, noting that these plans are always a restriction that the evaluation can be subject to modification. This can make GB Morgan one of the largest American banks that integrate digital currencies into their traditional financing services.
It is reported that the CEO of Banque Jimie Dimon – which was one of the largest skeptics in Bitcoin and previously described it as “fraudulent origin” – recently said that stable currencies are considered “real”, and added that the bank intended to engage in the use of deposit currencies and stable currencies.
On the other hand, a family source with the Financial Times told Financial Times that the CEO who previously declared that he would abandon customers who exchanged digital currencies, had already rejected some of the customers who treat them.
However, the provision of loans to guarantee digital currencies will allow users to have their Bitcoin and Ethereum property hypothelized to obtain loans in a decision that maintains the pace of organizational environmental transformation in the United States to the support of digital assets, in particular under the administration of the President Donald Trump.
JPMorgan offers the borrowing of digital currency trading boxes on the Stock Exchange (Crypto ETF)
The New York -based bank announced last June that it will allow specific customers to borrow to guarantee the Crypto ETF, starting with the BlackRock Company. The bank confirmed the existence of future plans to extend this service to other funds after the initial launch, because this option is currently only available for rich customers, in reference to a change in the way of calculating digital currencies in the decisions to grant the credit.
However, the next most advanced step is to provide loans from real digital assets, which will require that the GB Morgan Bank are taking the technical challenges linked to the way of treating digital currencies confiscated by customers who do not pay their loans.
In addition, Damon said that the bank will soon allow customers to buy Bitcoin (Bitcoin), stressing that the bank will not reach the task of preserving and killing.
Great Banks hosts the American law on gender law
GB Morgan’s plans to provide direct loans from digital currencies occur after a week during which the Crapeto sector won a big victory in the United States, where US President Donald Trump signed the law on gender to the White House last Friday, which provides a clear organizational framework for stable currencies.
Trump said: “The Crapeto community has been subject to years of ridicule, ignorant and underestimate. As a result, this signature is considered a strong response today,” said Trump.
The main banks of Wall Street welcomed the signing of the law, and this decision was described as facilitating financial institutions to treat digital assets. However, GB Morgan Bank is still cautious and adopts a realistic approach in its expectations, because it is expected that the market value will reach $ 500 billion by 2028. The bank has described its access to a dollars Billion as “too optimistic”, and the bank indicated that “the idea of stable currencies in traditional currencies in daily uses is still far from reality.
The message, JPMorgan (JPMorgan) can provide direct loans with Bitcoin-BTC and Ethereum-Eth
