- 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.
Up Next
JPMorgan Says JPM Coin Now Handles $1 Billion Transactions Daily
Author: Max Rojas
Last Updated: 1699400762
Views: 1417
Rating: 3.9 / 5 (78 voted)
Reviews: 91% of readers found this page helpful
Name: Max Rojas
Birthday: 1976-12-27
Address: 178 Hart Camp, Thomasland, OR 57430
Phone: +3705789469063957
Job: Accountant
Hobby: Sewing, Puzzle Solving, Beer Brewing, Rock Climbing, Raspberry Pi, Archery, Telescope Building
Introduction: My name is Max Rojas, I am a Determined, capable, accomplished, Colorful, dear, bold, important person who loves writing and wants to share my knowledge and understanding with you.