JP Morgan called cryptocurrencies the "innovative maelstrom" around Blockchain and declared that They are "unlikely to disappear" in what appears to be an internal report of the company, published on February 8, 2018.

In an excerpt from this is supposed to be the executive summary of the banking giant on cryptocurrency, society seems optimistic about the future crypto

"Cryptocurrencies are the face of the innovative maelstrom around Blockchain technology that brings both massive price volatility and a constant trial – and" 19459003 ]

Despite the mixed tone of the report, the distinction of JP Morgan's public position on cryptocurrency over the last six months is palpable.

In September 2017, the CEO of JP Morgan, Jamie Dimon, became famous after calling Bitcoin "fraud", triggering the same price volatility that the bank now cites as a crypto "challenge".

Dimon later asserted that he would "no longer talk about Bitcoin", while last month he publicly revealed that he "regretted" to comment on the fraud.

Speaking to Cointelegraph at the World Economic Forum in January 2018, Dimon flatly refuted the idea that he was a "skeptic" about Bitcoin

The recently released report offers to him ideas about how cryptocurrencies could be used most effectively.

"CCs [Cryptocurrencies] will probably not disappear and could easily survive in different forms and forms among actors who want greater decentralization, peer-to-peer networks and anonymity even if he is threatened.

"The technology behind CC [cryptocurrencies] could be the most used in areas where current payment systems are slow, such as cross-border payments, reward tokens or Financing. "

Last week, JP Morgan was one of many US banks to ban its customers from buying cryptocurrencies with credit cards.