Head of Onyx, JPMorgan's blockchain division: Cryptocurrencies are still in their infancy and here to stay - Aliens: AI Crypto News & Markets Updates
Logo
Logo

Feed

Coins

About

Head of Onyx, JPMorgan's blockchain division: Cryptocurrencies are still in their infancy and here to stay

PublisherPublisher
Aliens

Mon, Jan 17, 2022

Umar Farooq, head of JPMorgan's blockchain arm Onyx, said in a recent interview with the Financial Times that cryptocurrencies were still in their nascency, drawing parallels between the growth trajectories of crypto and audio streaming.

Farooq has been the division head since Onyx launched in October 2020. Crypto is not going away, he said, but he has a hard time predicting what it will look like in the “Spotify” era: “We are sitting in the Napster age. We just don't know what Spotify looks like. So, I think [crypto] is here to stay. I just don't know in what shape or form."

Source: U Today

Share to

The best experience is on the app

Everything happening in the crypto world, in real time

app

Recommended Stories

Article list item background

Crypto Analyst Explains Why Cardano ($ADA) Remains a Top 10 Cryptoasset

A popular cryptocurrency analyst has on social media explained why he believes Cardano ($ADA) has managed to remain a top 10 cryptoasset during the ongoing bear market that has been affected by the collapse of the Terra ecosystem.
CryptoGlobe
·

4h

Altcoin

Recommended Stories

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens

Advertise