In a recent interview, JPMorgan Chase CEO Jamie Dimon stated he has not spoken with Facebook about its recent cryptocurrency, but it was “very possible someone in the company did.’
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“Blockchain is real,” said Dimon.
“I think competition is real. We’re going to have competitors, whether its a cryptocurrency competitor or another FinTech competitor. I tell our people, don’t guess, you know they’re there, you know they’re coming, you know they want to eat our lunch. Assume it.”
Dimon went on to say he believes there are real concerns regarding the future of fiat currency, including banking regulations, know-your-customer KYC laws, the bank secrecy act, and anti-money laundering laws.