Despite the Bear Market, JPMorgan Will Keep Providing Crypto Services

Takis Georgakopoulos said the crypto winter has not changed JPMorgan’s approach to the industry.

However, the organization assured that it will still support consumers who want to employ digital assets as a means of payment.The ongoing crypto winter seems to have affected people’s interest in the asset class. In a recentfor Bloomberg, Takis Georgakopoulos – Global Head of Payments at JPMorgan – said clients were much more inclined to use cryptocurrencies as a payment tool six months ago:

It is worth noting that back then, Bitcoin’s price was hovering around $40,000, while Ether and many other altcoins were also performing much better than now. By the middle of 2022, though, the global macroeconomic environment changed drastically, and that might have vaporized some of the interest in cryptocurrencies.in the USA, the energy crisis in the European Union, and many more.

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