JPMorgan Ventures into Bitcoin-Backed Loans
According to a report by The Financial Times, JPMorgan, the largest bank globally, is considering offering loans backed by cryptocurrency, which would allow clients to use bitcoin, ether, or other tokens as collateral to borrow US dollars. This news is noteworthy for several reasons, including the fact that Jamie Dimon, the bank's CEO, had previously expressed skepticism about bitcoin. The move b…