JPMorgan Sees ‘Very Little’ Demand for Crypto as Payment Tool
- Firm’s payments head says interest from clients fallen sharply
- Bank has increasingly embraced digital assets in recent years
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Demand for cryptocurrencies as a payment method has drastically declined over the past six months, according to Takis Georgakopoulos, global head of payments at JPMorgan Chase & Co.
“We saw a lot of demand for our clients, let’s say up until six months ago,” Georgakopoulos said in a Bloomberg Television interview on Tuesday. “We see very little right now” but the bank will still support clients who want to use that method, he said.