JPM Coin News

JPMorgan’s JPM Coin, processing $1 billion daily, is projected to handle up to $10 billion in transactions within the next year. The bank’s global head of payments for financial institutions, Umar Farooq, announced this estimate. Farooq said he expects transactions…

A LinkedIn post from JPMorgan Managing Director Naveen Mallela shares that the programmable payments product JPMorgan Chase & Co’s JPM Coin is now generally available to institutional clients.

The bank also plans to expand support for fiat currencies to deal with JPM Coin other than the U.S. dollar and euro. JPMorgan’s blockchain-powered stablecoin JPM Coin, pegged to the U.S. dollar, has reached the $1 billion mark in processed…

JPMorgan praised deposit tokens for their potential, alongside stablecoins. The bank sees the tokenization of fiat deposits as a game-changer that can enhance accessibility across major blockchains.

Wall Steet behemoth JPMorgan has reportedly found a way that enables DeFi developers to leverage the yield-generating potential of non-crypto assets. JPMorgan Could Bring DeFi Yields to Non-Crypto Assets According to a Coindesk report published June 11, JPMorgan hinted that…

Wall Street banking giant JPMorgan Chase is betting big on blockchain with a newly created business unit tasked with developing solutions based on the novel tech. Blockchain Is on the Cusp of Broad Commercialization According to CNBC, JPMorgan sees blockchain…

One of the most respected investment banks, J.P. Morgan, has issued a report that confirms their belief in the digital currency revolution. The launch of JPM Coin was met by surprise from the crypto community following the firm’s managing director’s…

Major U.S.-based bank JPMorgan Chase & Co. is mulling merging its blockchain unit Quorum with Brooklyn-based distributed ledger technology (DLT) startup ConsenSys, Reuters reports, February 11, 2020. JPMorgan Contemplating Merging Blockchain Unit According to a recent Reuters report, banking titan…

Overseas Chinese Banking Corporation (OCBC) has joined JP Morgan’s Interbank Information Network (IIN) as the first Singaporean bank in the consortium. Business Times reported that OCBC joins a long list of 112 APAC banks that have joined this network, September…

Bill Barhydt, the CEO of Abra; a Bitcoin wallet and investment app, believes that private enterprise blockchains will fail miserably. The Abra chief described JPM Coin, the cryptocurrency recently debuted by JPMorgan as utter rubbish. This according to an interview…

JP Morgan will be launching the JPM coin, a dollar-backed token to be used for international transfers, securities transactions and the replacement of dollars for large firms, CNBC reported on February 14, 2019. History-Making Moves Cryptocurrencies aren’t reserved for crypto firms and…