JPMorgan’s JPM Coin Achieves $1B Daily Transaction Milestone
Unlike traditional banking transactions, which usually operate only during business hours, the platform executes transactions at any given time of the day.
Unlike traditional banking transactions, which usually operate only during business hours, the platform executes transactions at any given time of the day.
In addition to the JPM Coin, JPMorgan is now developing another blockchain asset that will function as a deposit token for cross-border transactions.
Now, wholesale payment clients including renowned multinationals can choose to transfer either dollar or euro to/from their JPMorgan accounts anywhere in the world.
Although Jamie Dimon remains a Bitcoin critic, JPMorgan continued to make waves in the blockchain industry.
JPMorgan is officially talking to a few music NFT media about allowing fiat payments.
McDermott, who has spent fifteen years at Goldman Sachs, claims that the blockchain evolution was a massive bonus to the repo market, presently estimated at over $4.6 trillion.
The Basel Committee on Banking Supervision has released guidelines detailing huge capital requirements for banks looking to explore the crypto space.
The move by JPMorgan to commercial its repo transaction and the associated blockchain solutions has attracted other industry giants including Goldman Sachs and Bank of New York Mellon.
The Liink network was revamped with two crucial feature additions including the Confirm and the Format features.
By launching its JPM Coin, the banking giant aims to eliminate all the hassle of payment settlements and verification that comes with the traditional paper-based structure for its cross-border payments.