Although the sensational bear market in 2022 has shaken confidence in cryptocurrencies, major players believe in the future of the industry and continue to increase their investments.
JP Morgan, one of the largest banks in the USA blockchain It is among the corporate companies that invest in technology and decentralized finance.
In these days of debate whether cryptocurrencies are emerging in a bear market, Tryone Lobbam, head of JP Morgan’s DeFi platform Onyx, announced that JP Morgan has set up an innovation lab in Athens to support Onyx and develop the bank’s blockchain technology-related capabilities.
Experts in the fields of mobile application, distributed ledger technology, artificial intelligence and cryptography will work in the laboratory and will produce studies and solutions to prepare the bank for web3.
Although JP Morgan CEO James Dimon talks about the worthlessness and disappearance of Bitcoin and cryptocurrencies at almost every opportunity, the bank he manages continues to work on the technology behind them and the future role of the crypto money ecosystem.
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