JP Morgan adds new functionality for JPM Coin as Meme Moguls launches immersive ecosystem
The JP Morgan Coin, a global investment company, is incorporating programmable payment into the JPM Coin. Meanwhile, Meme Moguls, a new meme coin project, aims to create an ecosystem for users to exchange meme assets.
JP Morgan introduces new feature for JPM Coin
The JPM Coin is a digital currency created by JP Morgan, a multinational banking firm.
It is pegged to the USD and designed for swift payments, operating on Quorum, a proprietary network by JPMorgan.
In 2023, JP Morgan expanded its supported assets to include euro transactions, facilitating transactions worth over $300 billion since inception.
JPM Coin is available for institutional users. In November, it introduced the “programmable payments” feature for automating transactions with predetermined rules.
The bank said it processes up to $1 billion in transactions daily, impacting capital use and enhancing the handling of overdue margin calls.
The Meme Moguls ecosystem
Meme Moguls facilitates participation in a meme-backed stock market and exchange.
The platform allows users to trade popular meme assets, stay updated on meme coins, and engage in various gameplay features within the Moguls Casino.
It comprises the Moguls Exchange Trading Platform, Meme Moguls Fantasy Trader, and Mogul Land—a virtual world for connecting, mining tokens, staking tokens, and participating in liquidity pools.
Users can accumulate wealth, learn from experienced traders, and compete on the leaderboard for non-fungible tokens (NFTs) and rewards.
The Meme Moguls ecosystem uses MGLS, a token offering users unique benefits across its applications.
With decentralized governance fostering community-driven decision-making, MGLS holders can actively participate in platform decisions.
MGLS is available for $0.0019 in the beta round of its presale, and analysts remain bullish on its prospects.
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