- JPM Coin allows blockchain-based payments by wholesale clients
- Token is a rare instance of live blockchain use by a big bank
JPMorgan Chase & Co.’s digital token JPM Coin now handles $1 billion worth of transactions daily and the bank plans to continue widening its usage, Global Head of Payments Takis Georgakopoulos said.
“JPM Coin gets transacted on a daily basis mostly in US dollars, but we again intend to continue to expand that,” Georgakopoulos said Thursday in an interview on Bloomberg Television.
JPMorgan Says JPM Coin Now Handles $1 Billion Transactions Daily