Finance:JPM Coin
From HandWiki
JPM Coin is a dollar-backed cryptocurrency (stablecoin) from the bank JP Morgan Chase, announced in February 2019 as an institution-to-institution service.[1][2][3]
As of October 2023, JPM Coin is used for approximately $1 billion of transactions each day.[4]
References
- ↑ Lucas Mearian (February 14, 2019), "J.P. Morgan to launch a U.S. dollar-backed cryptocurrency", Computerworld, https://www.computerworld.com/article/3340373/blockchain/jp-morgan-to-launch-a-us-dollar-backed-cryptocurrency.html
- ↑ Mary-Ann Russon (February 14, 2019), JP Morgan creates first US bank-backed crypto-currency, BBC, https://www.bbc.com/news/business-47240760
- ↑ Hugh Son (February 14, 2019), JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business, CNBC, https://www.cnbc.com/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html, "[R]etail investors will probably never get to own a JPM Coin. Unlike bitcoin, only big institutional clients of J.P. Morgan that have undergone regulatory checks, like corporations, banks and broker-dealers can use the tokens."
- ↑ Ghosh, Suvashree (26 October 2023). "JPMorgan Says JPM Coin Now Handles $1 Billion Transactions Daily". Bloomberg. https://www.bloomberg.com/news/articles/2023-10-26/jpmorgan-says-jpm-coin-now-handles-1-billion-transactions-daily?sref=CIpmV6x8.
External links
- Quorum homepage, JP Morgan
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