J.P. Morgan Chase & Co creates first US bank-backed cryptocurrency
15 февраля 2023 года
Hi-network.com
An American multinational investment bank J.P. Morgan Chase & Co issued a statement on 14 February that they created their digital coin named JPM Coin. Bank's digital coin is based on a blockchain technology and will serve the purpose of instantaneous transfer of payments between institutional accounts. JPM coin will represent fiat value of USD$1. Unlike other cryptocurrencies this coin will redeemable in fiat currency held by J.P. Morgan in a 1:1 ratio. J.P Morgan investment bank recognized the great potential of blockchain technology for financial institutions pointing out the future possible reducing clients settlement risks and enabling instant value transfer.