In 2019, JP Morgan became the first global bank to design a network to facilitate instant payments using blockchain technology – enabling the movement of money between companies 24 hours a day, 7 days a week, revealing JPM currency.
What is JPM Coin?
JPM Coin is an authorized shared ledger system that functions as a payment system and deposit account, allowing JP Morgan participating customers to transfer US dollars on deposit with JP Morgan . JPM Coin facilitates real-time value movement, helping to solve common obstacles in traditional international payments.
As part of Onyx by JP Morgan, JPM Coin is committed to innovation in the financial services industry. JPM Coin seeks to tackle the complex challenges of international payments and help simplify its customers’ cash movement needs through next-generation corporate treasury services.
Information taken from JP Morgan’s own website
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