JPMorgan to Allow Crypto as Collateral, Signaling Wall Street Shift

JPMorgan, a big bank, is changing its mind about Bitcoin.

They will now let people use Bitcoin and Ether, other forms of digital money, as collateral for loans.

This means people can borrow money using their crypto as security, like using a house to get a mortgage.

The bank's boss used to dislike Bitcoin but now sees it as part of the financial world.

This move shows how crypto is becoming more accepted by big financial companies.

Other companies like Morgan Stanley, State Street, and Fidelity are already doing similar things.

The change is happening because customers want it and the government has made it easier.