Exploits Bitcoin: JP Morgan gives a good news to the investors crypto.

The company is a global leader in financial services completed its first cross-border transaction through the use of integral channels decentralized based on blockchain, which demarcates a "a big step" for Coinbase.

JP Morgan, one of the largest banks on Wall Street, led by the billionaire Jamie Dimon, skeptical of the criptomonedas, completed on the final day of its first cross-border transaction using finance decentralized (DeFi) based on blockchain.

For the company cryptographic, operation, represents "a major step" that is achieved using the "network layer two" property Ethereum Polygon and designed to help Ethereum scale.

In the meantime, the trade currency of JPMorgan cash deposit tokenizados, was possible thanks to the intervention of the Monetary Authority of Singapore (MAS) as part of a pilot program to "explore potential applications of DeFi in funding markets for wholesale".

EXPLOITS BITCOIN: JP MORGAN GIVES A GOOD NEWS TO THE INVESTORS CRYPTO

The developers of the protocol loans DeFi aave stressed on Twitter that the pilot occurred by JP Morgan, is a "major milestone" for the technology, and represents "a great step forward in the bridge between the financial assets and traditional DeFi".

As specified in an article published by Forbes, "DBS Singapore Bank, SBI Digital in Japan, the platform of digital assets Market Node of the Singapore Exchange and the investor-state of Singapore, Temasek" joined the banking global leader "in the test of DeFi".

"Enthusiasts criptomonedas never doubted that the innovation that arises from this space, especially the innovation in DeFi, has the potential to make international banking, it is inexpensive, rapid and efficient", he insisted Mikkel Morch, president of the hedge fund digital asset ARK 36, in an e-mail.

"Now, the giants of traditional finance are beginning to confirm this by using the protocols DeFi as a viable solution to optimize the trade-the international monetary", expanded.

However, beyond the operation with success, in the interest of JPMorgan crypto, blockchain and DeFi still presents the disapproval of the executive director of the bank, Jamie Dimon, who said "do not believe that Bitcoin is the best investment alternative".

"It is a Ponzi scheme decentralized", crossed in September last.

"It's a bit surprising to see at JP Morgan at the forefront of this trend, as the critic who has been the CEO of the bank with the space of the criptomonedas. But as says the old adage, actions speak louder than words", said in a note sent by e-mail.