JPMorgan’s data-fee plan could ‘destroy’ crypto and fintech startups, executive warns
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最新报道：According to Fortune magazine on July 21, last month, JPMorgan Chase notified fintech companies that it plans to charge them for accessing their customers' bank account data, a move that has caused a strong reaction in many areas of the financial industry. According to four industry executives, the move is a blow to the fintech industry and may have a devastating impact on early startups, including those in the cryptocurrency industry. However, analysts believe that mature fintech companies such as PayPal and Block (formerly Square) may not be greatly affected by the fee adjustment. Under the plan, the bank may charge data aggregators every time a consumer transfers funds from JPMorgan Chase to a cryptocurrency account or a third-party service such as Robinhood. Cryptocurrency and fintech companies often use aggregators such as Plaid or MX to access customer accounts of major financial institutions such as JPMorgan Chase. So far, banks have not charged fintech companies, but this may change. It is widely expected that aggregators will pass on the new fees to fintech customers, and some may even pass the costs on to consumers. [Coin World]
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