Takis Georgakopoulos, global head of payments at JPMorgan Chase & Co., stated that the demand for cryptocurrencies as a form of payment has drastically decreased over the past six months in an interview with Bloomberg Television on Tuesday. However, Georgakopoulos noted that while the bank continues to help customers who want to use cryptocurrencies as a payment method, they are avoiding principal risk on the assets and that they are still “a limited use case, at least for now.” Georgakopoulos claimed that JP Morgan saw cryptocurrencies as “an alternative payment in the future.
