JPMorgan Chase embraces blockchain and creates a cryptocurrency called JPM Coin
JPMorgan Chase will be trialing a digital currency called the JPM Coin. (Source: MarketWatch)JPMorgan Chase will be trialing a digital currency called the JPM Coin. (Source: MarketWatch)
CNBC has reported that JPMorgan Chase has developed a new cryptocurrency that will be called JPM Coin. The digital currency will apparently be used in the banking company’s “wholesale payments business.” The JPM Coin will adopt the stablecoin concept, in that its price will not change as one JPM Coin will be worth one US dollar.