Ethereum Network Gains JPM Coin Deposit Token for Institutional Payments
Photo: TheCoinrise
The bank's tokenized deposit system will now settle on a public blockchain alongside its existing private network. JPMorgan has moved to expand its JPM Coin deposit token onto Ethereum, according to reports published by The Cryptonomist and The Block. The expansion targets institutional clients seeking faster payment and settlement options. It builds on a system the bank has run internally for several years. JPM Coin began as a tool for settling transactions between JPMorgan's institutional clients on a permissioned, bank-operated network. That system allowed large corporate and institutional users to move dollar-denominated value between accounts with near-instant finality.
Source: TheCoinrise
