JP Morgan is Threatened by Cryptocurrency — CRYPTO IS CHANGING THE WORLD!

JP Morgan is Threatened by Cryptocurrency! JP Morgan Chase has admitted that cryptocurrency poses a legitimate threat to their business model. J.P. Morgan Chase added a segment on cryptocurrencies to the “Risk Factor” section of their 2017 annual report to the SEC on Feb. 27.The annual report mentions cryptocurrencies under the “Competition” subsection when describing how new competitors have emerged that threaten J.P. Morgan’s operations: Saying “Both financial institutions and their non-banking competitors face the risk that payment processing and other services could be disrupted by technologies, such as cryptocurrencies, that require no intermediation.”

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JP Morgan is Threatened by Cryptocurrency — CRYPTO IS CHANGING THE WORLD!

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