Bloomberg Law
Sept. 20, 2022, 4:38 AM

JPMorgan Seeing ‘Very Little’ Demand for Crypto as Payment Tool

Krystal Chia
Krystal Chia
Bloomberg Editorial

Demand for cryptocurrencies as a payment method has drastically declined over the past six months, according to Takis Georgakopoulos, global head of payments at JPMorgan Chase & Co.

“We saw a lot of demand for our clients, let’s say up until six months ago,” Georgakopoulos said in a Bloomberg Television interview on Tuesday. “We see very little right now” but the bank will still support clients who want to use that method, he said.

WATCH: JPMorgan’s Takis Georgakopoulos discusses demand for cryptocurrencies as a payment method.
Source: Bloomberg

Cryptocurrencies are plowing through a downturn that has erased some $2 trillion in market value in less than a year and slashed volumes on ...