Known as the largest bank in the USA, JPMorgan Chase & Co. states that it does not see an economic benefit in El Salvador’s acceptance of Bitcoin (BTC).
JPMorgan said in a statement that it is difficult to see any economic benefits in the adoption of Bitcoin.
The bank also believes that this move by El Salvador may endanger its relations with the IMF (International Monetary Fund).
In its statement yesterday, the IMF said that El Salvador’s move could raise some financial and legal problems with this move.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.