JPMorgan Chase Rolls Out Digital Token


JPMorgan Chase on Thursday announced that it has created and successfully tested a digital coin. Each JPM Coin represents $1 in funds held in designated accounts at JPMorgan Chase N.A. The token was created using Quorum, a variant of Ethereum developed by JPMorgan Chase, to enable instantaneous payment transfers between its clients’ institutional accounts. The JPM Coin and its underlying technology capabilities are currency-agnostic. Over time, the token will be extended to other major currencies and to other platforms.
Source: https://www.ecommercetimes.com/perl/syndication/rssfull.pl

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