JPMorgan Puts JPM Coin on Ethereum for Institutional Payments
JPMorgan Chase has deployed JPM Coin onto the Ethereum blockchain to facilitate institutional payments, according to Simply Wall Street.
JPMorgan Chase has deployed its permissioned payment token, JPM Coin, onto the Ethereum blockchain to support institutional payments, according to Simply Wall Street.
The deployment brings the bank's digital currency infrastructure into contact with public or permissioned iterations of the Ethereum network, expanding the operational capabilities for institutional clients seeking blockchain-based settlement solutions.
Instant Telegram notifications for large on-chain moves.
Blockchain Integration
The integration leverages blockchain architecture to streamline payment flows and settlement processes for corporate and institutional accounts managed by JPMorgan Chase.
Key facts
- JPMorgan Chase placed JPM Coin on the Ethereum blockchain.
- The initiative is targeted at institutional payment infrastructure.
- Details were reported by Simply Wall Street.
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.
