A recent report by a major United States bank JP Morgan Chase suggested that current blockchain developments are lying down the foundation for digital money, but adoption is still years away. A report published by JP Morgan on Feb 21 suggests that the finance industry is moving beyond blockchain technology. Blockchain in Banking Still Years […]
Japan plans to release its own cryptocurrency following the announcement of China’s launch of the digital Yuan. China started planning its digital Yuan project known as DCEP after Facebook announces its intentions to release Libra. At the moment, China is close to releasing the digital version of its national currency Yuan and Japan is following […]
The JP Morgan blockchain payments network chase to add new features has landed in Japan. Soon Japan will have JPM Coin to speed up the cross-border payments between the firms and bond transactions. JPM coin is a stable coin that intends to enable faster and secure payment processing. Again, customers can use it for commodity […]
JP Morgan Chase, the top banking firm of USA has developed a Privacy Enhancing Tool. As the name suggests, It will protect the payment systems that make use of the Ethereum based blockchain. This tool is possibly an extension of the Zether payment mechanism. It uses zero-knowledge proof (ZKP) technology. JPM’s Privacy Enhancing Tool will […]
JP Morgan chase will soon integrate a real-time verification for transactions done via its Interbank Information Network. The IIN is based on Blockchain technology. This Blockchain Based Payment System resolves erroneous payments which happen due to any data compliance issue. With this system, the payment clearance issues linked with multiple banks get solved easily. Currently, […]
JPMorgan has cleared that JPM Coin is not a cryptocurrency, which can be used for trading purpose, rather it is a stable coin created for payments processing and settling debts within JPMorgan Chase. Umar Farooq, JP Morgan’s head of digital treasury services and blockchain, has linked the launch of the coin to the firm’s decision to meet its customers’ demand for a secure and instant payments processing platform.
Ethereum finally got the ‘seal of approval’ from JP Morgan executives when the ETH foundation reaffirmed its plan to further develop an enterprise version of Ethereum – Quorum ecosystem. The ecosystem has been designed to aid any application that demands high computing and processing power to execute the tasks on daily basis.