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JP Morgan Plans Entry Into Crypto With Registered Trademarks Suggesting New Crypto Wallet

JP Morgan, the most significant bank in America according to market cap, prepares to get in the crypto area by signing up a hallmark for cryptocurrency wallets

Mike Kondoudis, the popular hallmark lawyer, tweeted that the JP Morgan wallet is now a signed up hallmark for cryptocurrency transfers and associated services. The United States Patent and Trademark Office approved the application on Nov.15

JP Morgan CEO is among the most popular critics of crypto.

Jamie Dimon, the CEO of JP Morgan, has actually slammed Bitcoin and cryptocurrencies on numerous celebrations. According to a Forbes post, The JPMorgan Chase & & Co. ceo stated in congressional statement:

I’m a significant doubter on crypto tokens, which you call currency, like Bitcoin … They are decentralized Ponzi plans.

Jamie Dimon

He has actually typically called Bitcoin useless, a scams, a dreadful shop of worth, fool’s gold, and so on. Most just recently, Daniel Pinto, the President of JP Morgan, called crypto unimportant

Tweet from Tony Edward on JP Morgan
Source: Twitter

The adoption continues regardless of the bearishness.

Bitcoin is more than 75% below its all-time high in Nov. 2021; nevertheless, cryptocurrency adoption continues. Not simply JP Morgan however banks all over the world are supplying cryptocurrency or associated services. America’s earliest bank– BNY Mellon, revealed to offer crypto custody services.

Union Bank of the Philippines, the biggest bank in the nation, has its own peso-pegged stablecoin Previously this month, it revealed it would supply crypto trading services. Among the biggest banks in Japan– Nomura, will supply centers for institutional customers to trade cryptocurrencies by early2023 Most just recently, Man Group, the world’s biggest openly noted hedge fund, is reported to establish cryptocurrency trading services The hedge fund has more than $97 billion in possessions under management.

Outside the headings, the adoption is noticeable on-chain. According to information from IntoTheBlock, the overall Bitcoin addresses with balance (green line) have actually been on a stable increase because its creation. There are around 43 million Bitcoin wallets with balance.

total addresses
Source: IntoTheBlock

Check out our current post that analysis whether the growing adoption is an indication that the bottom is near here

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For BeInCrypto’s newest Bitcoin(BTC) analysis, click on this link

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