JPMorgan Launches Blockchain-Based JPM Coin for Institutional Players
Key Takeaways JPMorgan launches a blockchain-based JPM Coin enabling near-instant, low-cost institutional payments.The bank plans expansion across more blockchains, currencies and access for clients of its clients.Pilot tests with firms like Coinbase and Mastercard preceded the rollout, with COIN eyeing it as collateral.JPMorgan (JPM) has rolled out a blockchain-based deposit token, JPM Coin, for institutional investors. This represents dollar deposits at the bank and allows users to transfer money through ...