diff --git a/Gemfile.lock b/Gemfile.lock
index c30f26c..a3cdff4 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -3,7 +3,7 @@ PATH
   specs:
     jwt-multisig (1.0.6)
       activesupport (>= 4.0)
-      jwt (~> 2.2)
+      jwt (~> 2.7)
 
 GEM
   remote: https://rubygems.org/
diff --git a/jwt-multisig.gemspec b/jwt-multisig.gemspec
index 8c99f82..3b974a1 100644
--- a/jwt-multisig.gemspec
+++ b/jwt-multisig.gemspec
@@ -17,7 +17,7 @@ Gem::Specification.new do |s|
   s.test_files      = `git ls-files -z -- {test,spec,features}/*`.split("\x0")
   s.require_paths   = ["lib"]
 
-  s.add_dependency             "jwt",           "~> 2.2"
+  s.add_dependency             "jwt",           "~> 2.7"
   s.add_dependency             "activesupport", ">= 4.0"
   s.add_development_dependency "bundler",       "~> 2.4.7"
 end