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A year and a half after it was first announced, JPM Coin — JPMorgan Chase's in-house stablecoin — is now live and in use by a major transnational tech firm for around-the-clock cross-border payments.
According to a report on Tuesday, this real-world proof that the technology is increasing efficiency and reducing costs has bolstered the megabank's confidence in the technology's promise and profitability. With the expectation that further commercial clients will sign up to use the stablecoin, JPMorgan Chase has created a dedicated business devoted to digital currency and blockchain work.
According to a report on Tuesday, this real-world proof that the technology is increasing efficiency and reducing costs has bolstered the megabank's confidence in the technology's promise and profitability. With the expectation that further commercial clients will sign up to use the stablecoin, JPMorgan Chase has created a dedicated business devoted to digital currency and blockchain work.
https://cointelegraph.com/news/jpmorgan-s-stablecoin-finally-sees-commercial-light-of-day
All's well that ends well, although it is not really crypto per se, at least they have seen the light that blockchain will be the next big thing and this is what we are going to see, more banks are going to developed their own token, it's not going to be a public chain but at least internal clients will have now the options to used it for faster and at a cheaper costs