1 year ago
U.S. banking behemoth JPMorgan (JPM) present handles $1 cardinal worthy of transactions successful its integer token JPM Coin per day, Bloomberg reported connected Thursday.
The partition thoroughfare slope has plans to widen the coin's usage, according to the report, citing an interrogation with the bank’s caput of payments Takis Georgakopoulos.
JPM Coin is simply a colony token that enables JPMorgan's organization clients to marque blockchain-based wholesale payments betwixt accounts astir the world.
From its inception successful 2019, JPM Coin has been utilized to marque payments denominated successful dollars, with enactment for euros added successful June.
“JPM Coin gets transacted connected a regular ground mostly successful U.S. dollars, but we again mean to proceed to grow that,” Georgakopoulos said.
JPMorgan did not instantly respond to CoinDesk's petition for further comment.
Edited by Parikshit Mishra.
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