Ron Karpovich, Global Head of eCommerce Solutions at JPMorgan Chase (NYSE:JPM), stated that there is “more partnership instead of competition” between the financial establishment and crypto disruptors when it comes to the payments space. Karpovich made his remarks during an interview on CNBC’s Squawk Box today, March 20.
In response to a question from CNBC’s host as to how the banking giant is poised to compete with new and disruptive actors than can leverage blockchain and cryptocurrencies to offer the same services as the old guard, but with lower fees, Karpovich said:
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