# JPMorgan Chase CEO Jamie Dimon has warned that blockchain technology and digital assets are direct competitors threatening the traditional banking model.

*fintech · news · 2026-04-08 · U.Today*

## Key points

- Jamie Dimon identifies blockchain technology and digital assets as direct competitors to traditional banks.
- JPMorgan processes billions daily through its proprietary blockchain platform, now rebranded as Kinexys.
- Dimon urges JPMorgan to aggressively develop its own blockchain solutions to maintain market dominance.
- Dimon distinguishes between supporting blockchain infrastructure and remaining hostile toward public cryptocurrencies like Bitcoin.

**Companies:** JPMorgan Chase, Stripe, Block, Revolut
**Countries:** United States

[Read the full story on U.Today](https://u.today/jamie-dimon-sounds-the-alarm-on-rising-crypto-competition)

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