JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use
Photo: Unchained
JPMorgan is launching JPM Coin , its dollar deposit token, on Ethereum and will offer it to the bank’s institutional clients there, the bank said in a statement on Monday, Bloomberg reported . Ethereum’s liquidity, and the fact that the bank’s clients are already on it, decided the pick, said Emma Landriault , global head of Kinexys Labs at JPMorgan’s blockchain unit Kinexys . “We’ve clearly been in a year of further convergence between Wall Street and crypto,” Landriault was quoted by Bloomberg as saying in an interview.
Source: Unchained
