JPMorgan

UnionBank, the largest bank in the Philippines, has become the country's first financial institution to launch its own cryptocurrency and have already completed its first transactions with it, reports The Philippine Star. The cost of the steakbank PHX issued by the bank is pegged to the Philippine peso, and the coin itself works on the i2i platform connecting UnionBank with the provincial banks. “PHX is a repository of value and a medium of exchange. […]

Founder and partner of Mobius Capital Partners Mark Mobius, a well-known investor in emerging markets, suggested that he could acquire Bitcoin if his growth continued. It is noteworthy that before that he had taken a rather skeptical position regarding cryptocurrency. “I am not a buyer, but we have to reckon with this [cryptocurrency],” Mobius said. Nevertheless, the investor did not forget to mention that […]

The head of JPMorgan Chase, a leading financial holding company, Jamie Dimon, not so long ago, was critical of bitcoin and cryptocurrency in general. However, he now appears to have moved from the stage of denial to the stage of adoption, although he insists that cryptocurrency is undermining the banking industry. So, in a recent interview with Yahoo Finance, Dimon noted that cryptocurrency providers offer […]