HSBC Pushing Blockchain, JP Morgan Threatened by Crypto


HSBC (NYSE:HSBC) is gearing up to use blockchain technology in live transactions. On the other end of the spectrum, JP Morgan (NYSE:JPM) joins the financial institutions labeling cryptocurrencies as a risk to their business. Two major banking institutions with two different reactions to cryptocurrency.


HSBC may be close to launching several different pilot programs that will help the banking giant incorporate live blockchain transactions into the business.

The pilot programs will be based on pre-existing proof-of-concept (PoC) projects. HSBC has been conducting trials with blockchain technology for several years now. In August 2016, ...

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