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JPM Coin is a dollar-backed cryptocurrency from the bank JP Morgan Chase, announced in February 2019 as an institution-to-institution service. [1] [2] [3]JPM Coin is intended to serve as a value token on the Quorum consortium blockchain, using software (called "Quorum") also built by JPMorgan Chase, and is used to facilitate interbank payments on the Interbank Information Network (IIN).
Bank of America and JPMorgan Chase are already using the coin in that capacity, and more financial institutions are likely to join them if it continues to reduce the friction of international ...
JPMorgan Chase CEO Jamie Dimon has said that the company’s new cryptocurrency JPM Coin could have a consumer use one day, CNBC reported on Feb. 26. During a question-and-answer session, Dimon ...
JPMorgan Chase CEO Jamie Dimon agrees that "debanking" happens.He disagrees with some critics about the reasons why. The claim that big banks have closed accounts held by certain political or ...
In 2017, JPMorgan Chase proposed developing JPM Coin on a permissioned-variant of Ethereum blockchain dubbed "Quorum". [87] It is "designed to toe the line between private and public in the realm of shuffling derivatives and payments.
Yahoo Finance 8 minutes ago Jamie Dimon doubles down on RTO plans after testy town hall audio leak: 'We're going back to the office' JPMorgan Chase CEO Jamie Dimon on Monday expressed regret about the expletives he used during a recent employee town hall, but he didn’t back down from his core message that em…