PANews reported on September 19 that according to Decrypt, despite his public dislike for Bitcoin, Jamie Dimon, CEO of JPMorgan Chase, said that JPMorgan is a "real" big user of blockchain technology. In an interview at Georgetown University, Dimon mentioned that JPMorgan is a "real" user of blockchain, not just for illegal activities. The bank uses blockchain technology through its JPM Coin product to help companies automate fund transfers. Although Dimon has repeatedly criticized Bitcoin, calling it a "scam," he recognizes the value of blockchain in the banking system.