Demand for cryptocurrencies as a payment method has drastically declined over the past six months, according to Takis Georgakopoulos, global head of payments at JPMorgan Chase & Co.

We saw a lot of demand for our clients, lets say up until six months ago, Georgakopoulos said in a Bloomberg Television interview on Tuesday. We see very little right now but the bank will still support clients who want to use that method, he said.