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 […]
JPMorgan Chase is all ready to test its native stablecoin ‘JPM Coin” with its clients. The trial will involve its customers to test the technology. It intends to speed up the payments between the firms and bond transactions. There are fair chances of getting regulatory permission soon for these trials. It will be conducted on this assumption…
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.
J.P. Morgan has announced the launch of America’s first digital coin, dubbed as JPM Coin, that represents the U.S. Dollar. The firm has disclosed its plans to extend the virtual coin to other currencies in the coming days. Built on Quorum, an enterprise grade Ethereum blockchain, JPM Coin allows users enjoy instantaneous transfer of payments between institutional accounts, along with ensuring confidentiality and security from potential frauds.