JPMorgan Shifts Gears, Accepting Bitcoin and Ethereum as Loan Collateral

JPMorgan Chase & Co., previously a vocal skeptic of cryptocurrencies under CEO Jamie Dimon, has taken a significant turn, allowing Bitcoin and Ethereum to back loans. This strategic shift signifies a wider acceptance of digital assets within traditional banking frameworks. Growing institutional interest is driving this change, signaling the increasing prominence of cryptocurrencies in financial portfolios.