JPMorgan Uses Polygon For First DeFi Trade

Welcome back, Welcome Back, Welcome….back. Today’s top story: JP Morgan and its massive U-turn on cryptocurrencies. Despite years of staunch opposition to DeFi and a CEO that only months ago labeled crypto as “a decentralized Ponzi Scheme” , JPMorgan has executed its first-ever cross-border transaction using decentralized finance on a public blockchain. So, how did it happen and what are the bigger implications? Let’s zoom in.