JPMorgan Brings JPM Coin to Ethereum for Institutional Use
JPMorgan Chase has expanded its JPM Coin payment system to the Ethereum network to facilitate institutional payments.
JPMorgan Chase has taken its institutional payment system, JPM Coin, to the Ethereum network, according to Yahoo Finance. The move integrates the bank's permissioned ledger infrastructure with public blockchain technology to support institutional transactions.
Institutional Integration
Instant Telegram notifications for large on-chain moves.
JPM Coin allows wholesale clients to transfer fiat balances within the bank's network instantly. The expansion to Ethereum marks a notable step in traditional financial institutions utilizing public blockchain infrastructure for settlement and payment operations.
Key facts
- JPMorgan Chase has brought JPM Coin to the Ethereum network.
- The integration targets institutional payments.
Source: news.google.com
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
