Jamie Dimon, CEO of global financial services firm JPMorgan Chase (NYSE:JPM), argued that Facebook’s cryptocurrency project Libra does not pose a threat in the foreseeable future.
As reported by CNBC, Dimon delivered his comments during a conference call with analysts on Tuesday, July 16. Dimon said that he would not spend too much time on Libra, specifying that “to put it in perspective, we have been talking about blockchain for seven years and very little has happened. We are going to be talking about Libra three years from now.”