JP Morgan sees great potential for cryptocurrencies in games and digital worlds

JP Morgan said it intends to continue to provide cryptocurrency services to clients despite the cryptozyma.
As stated in the department of payment services of the largest U.S. bank JP Morgan, the banking giant intends to continue to provide customers with cryptocurrency services, even though against the background of “cryptozyma” demand for such services decreased slightly, although this can also be explained by the growing popularity of services of decentralized finance (DeFi).
In explaining its stance on cryptocurrencies, the department said that JP Morgan sees great potential for cryptocurrencies in gaming as well as digital worlds. For example, JP Morgan announced in early September that it is looking for an “inquisitive and dynamic” manager who will “identify and develop new payment opportunities across Web 3.0, cryptocurrency, fintech and digital worlds.”
Earlier, JP Morgan presented reportin which it stated that digital worlds and virtual reality projects in general will be “present in all sectors of the economy,” and from a market perspective, spending on virtual goods will increase dramatically, from the current $56 billion a year to one trillion dollars, and this will happen in the next few years.
Meanwhile, the cryptocurrency market as a whole has shown its resilience to further gains in the dollar, which soared to decades highs against the Japanese yen and euro today, the result of another sharp U.S. Federal Reserve rate hike, immediately 0.75%. Dollar prices for most cryptocurrencies are rising today, September 22, a day after the U.S. Federal Reserve’s rate hike, though futures for the S&P 500 and Nasdaq Composite are down after those indices lost more than 1.7% at the close of trading on September 21.

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