JPMorgan Moves JPM Coin to Ethereum, Deepening Wall Street’s ETH Ties
Photo: TheCoinrise
The bank's deposit token integration adds to a growing list of institutional use cases built on the Ethereum network. JPMorgan has integrated its JPM Coin deposit token with the Ethereum network, according to reporting from Cryptonews.com, Bitcoin.com News, and CoinGape. The move places a major bank's settlement tool directly on the same infrastructure used by the broader Ethereum ecosystem. JPM Coin is JPMorgan's internal settlement token, used to move value between institutional clients on a permissioned basis. Its arrival on Ethereum marks a notable step for a bank that has historically run its blockchain efforts on separate, proprietary systems.
Also reported by Crypto News Flash.
Source: TheCoinrise
