JPMorgan Chase: Cryptocurrency’s Influence on Traditional Banking [CASE STUDY]
The rise of cryptocurrency has shaken the foundations of traditional banking systems across the globe. Initially viewed with skepticism by large financial institutions, the increasing adoption of cryptocurrencies like Bitcoin, Ethereum, and others has forced these entities to reconsider their positions and explore ways to integrate blockchain technology and digital assets into their existing frameworks. One of the most prominent examples of a traditional bank adapting to the changing landscape is JPMorgan Chase . This case study will examine how JPMorgan, one of the largest banks in the world, has navigated the evolving cryptocurrency market, exploring both the challenges it faced and the opportunities it has seized. In doing so, it highlights how traditional banking institutions are being influenced by cryptocurrency and blockchain technology. Background: The Rise of Cryptocurrencies Cryptocurrency entered the global financial scene with the introduction of Bitcoin in 2009. Bitcoin, a...