According to PANews, JPMorgan Chase CEO Jamie Dimon, despite his public disdain for Bitcoin, has acknowledged that the bank is a significant user of blockchain technology. In an interview at Georgetown University, Dimon emphasized that JPMorgan is a practical user of blockchain, not just for illicit activities. The bank utilizes blockchain technology through its JPM Coin product to help companies automate fund transfers. Although Dimon has repeatedly criticized Bitcoin, calling it a 'fraud,' he recognizes the value of blockchain applications within the banking system.