JPMorgan Chase explores using customer cryptocurrency as collateral to issue loans

According to BlockBeats, on July 22nd, JPMorgan Chase is exploring the possibility of using customers' cryptocurrency assets as collateral to issue loans, which is another sign that one of the largest banks in the United States is pushing cryptocurrency assets into the mainstream financial system. If this policy is ultimately implemented, it will mark a significant shift in the stance of JPMorgan CEO Damon. Eight years ago, Damon called Bitcoin a "scam" and claimed that it would "eventually collapse" and only be useful for drug dealers and murderers. Insiders revealed that JPMorgan Chase may start accepting cryptocurrencies such as Bitcoin and Ethereum as collateral for direct loan issuance as early as next year, but the plan may still change. JPMorgan Chase declined to comment on this. (Golden Ten)