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JPMorgan CEO Says "Blockchain Is Superior to the Current Banking System"—Discloses $16 Trillion Processed in a Single Day
On Fox Business, Jamie Dimon stated that JPMorgan Chase is shifting from traditional banking clearing channels to blockchain infrastructure.
"Everything is migrating out of the current banking system."
Dimon revealed that JPMorgan recently processed $16 trillion worth of transactions via blockchain in one day:
"A few days ago, we processed $16 trillion—in one day."
He also mentioned that JPMorgan is actively promoting "tokenization," moving real-world assets, deposits, and financial instruments onto the chain.
"If we can do things better, faster, and cheaper with these technologies... we will do it."