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JPM Coin is a dollar-backed cryptocurrency from the bank JP Morgan Chase, announced in February 2019 as an institution-to-institution service. [1] [2] [3]JPM Coin is intended to serve as a value token on the Quorum consortium blockchain, using software (called "Quorum") also built by JPMorgan Chase, and is used to facilitate interbank payments on the Interbank Information Network (IIN).
The banking giant owns JPM Coin, a stablecoin pegged to the US dollar, that's used to transfer funds cross-border between clients. It has also developed Onyx, a blockchain-based platform for payments.
Innovation is a funny thing. It often arrives with an excess of hype and then fades into disappointment—before reemerging in full bloom. A case in point is JPMorgan Chase's "JPM Coin," a ...
JPMorgan Chase CEO Jamie Dimon has said that the company’s new cryptocurrency JPM Coin could have a consumer use one day, CNBC reported on Feb. 26. During a question-and-answer session, Dimon ...
JPM Coin; JPMorgan American Investment Trust; ... Media in category "JPMorgan Chase" The following 5 files are in this category, out of 5 total. C. File:Chase 1962 ...
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. . Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the
Last month, the bank disclosed that the value of daily transactions involving JPM Coin now tops $1 billion. This story was originally featured on Fortune.com. Show comments. Advertisement.
Ripple CEO Brad Garlinghouse has scrutinised the recent launch of JPM Coin by claiming that “no other bank will use it” while speaking at the Chamber of Digital Commerce’s Blockchain Summit ...