📣 JPMorgan Processes $1 Billion Daily via JPMorgan Coin
posted 26 Oct 2023
![JPMorgan Processes $1 Billion Daily via JPMorgan Coin Photo - JPMorgan Processes $1 Billion Daily via JPMorgan Coin](https://s3.eu-central-1.amazonaws.com/gncrypto.news/breaking1-1698318062Lv3Im.jpg)
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.