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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
Bloomberg business news
WATCH: JPMorgan’s Takis Georgakopoulos discusses demand for cryptocurrencies as a payment method.Source: Bloomberg

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.