Multiple US Banks Call Digital Currency a Threat to Financial Services

The digital currency community is showing excitement towards a “competitor” that JPMorgan Chase identified in their newly published annual report. Submitted to the U.S. Securities and Exchange Commission on February 27th, 2018, the report indicates that the bank views digital currencies as a potential competitor to their financial services. Listed under the annual report’s section detailing its competitors, JPMorgan Chase is clear in identifying digital currencies as a potential threat to their business, in at least some form.
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