📣 JPMorgan Processes $1 Billion Daily via JPMorgan Coin
posted 26 Oct 2023
JPMorgan Coin is a stablecoin designed to maintain a 1:1 peg with the U.S. dollar, offering stability and efficiency in transactions.
The coin addresses three key inefficiencies in current payment systems: speed, particularly in cross-border transactions, the separation of money and information, and security.
Launched in 2020, this asset primarily functions as a means for real-time gross settlement among JPMorgan’s institutional clients.
Now, the next phase involves developing a retail version of this asset.
The coin addresses three key inefficiencies in current payment systems: speed, particularly in cross-border transactions, the separation of money and information, and security.
Launched in 2020, this asset primarily functions as a means for real-time gross settlement among JPMorgan’s institutional clients.
Now, the next phase involves developing a retail version of this asset.
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