.jpmorgan is pushing deeper into crypto by registering a patent for its own wallet
that it was exploring the idea of launching a digital wallet that would make it possible for users to choose digital identity credentials across various DeFi and metaverse apps.
Earlier this month, JPMorgan executed its very first DeFi trade, which was facilitated by the Monetary Authority of Singapore . While JPMorgan has seemingly warmed up to the idea of making crypto at least a small part of its business, Jamie Dimon, the bank's longtime CEO, remains a staunch Bitcoin critic. As
, he recently described Bitcoin as"dirty" and"expensive." Dimon also struggles to figure out why cryptocurrencies have any value at all. At the same time, he holds a surprisingly positive view of blockchain, the technology that underpins major cryptocurrencies like Bitcoin.
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