JPMorgan Expands Its Blockchain-Based Token to Euro Payments: Bloomberg

.jpmorgan has expanded its blockchain-based settlement token JPM Coin to euro-denominated payments, according to a report. By JamieCrawleyCD.

JPM Coin went live with euro payments on Wednesday, according to the report, citing an interview with the bank's head of Coin Systems for Europe Basak Toprak. German tech firm Siemens conducted the first euro payment on the platform., over $300 billion in transactions have been processed using JPM Coin, making it one of the most extensive uses of blockchain technology by a traditional financial institution.

The $300 billion is still but a drop in the ocean compared to the nearly $10 trillion that JPMorgan processes by conventional means on a daily basis.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan expands its JPM Coin system to include euro payments: BloombergJPMorgan has expanded its blockchain-based payment system, JPM Coin, to include euro-denominated transactions for corporate clients.
Read more »

Pepecoin Skyrockets 70% This Week, Becomes Biggest Meme Coin GainerPepecoin (PEPE) has clocked gains over 40% in the last 24 hours and is up roughly 70% on the week. This comes as Gemini posted on Twitter Wednesday that the crypto exchange is 'feeling pepish about something coming soon.' CoinDesk's Jennifer Sanasie presents 'The Chart of the Day.'
Read more »

PEPE Jumps 38% to Define Growth Pace for Meme CoinFrog-themed meme coin visible leader among altcoins in terms of growth rate
Read more »

This AI Coin Jumps 17% After This Binance AnnouncementThis AI cryptocurrency soars 17% following special announcement from major exchange numeraire nmr artificialintelligence ai binance binancenews $nmr
Read more »

Ranger Oil completes its $2.2 billion sale to Baytex EnergyBaytex Energy's $2.2 billion acquisition expands the company's operations in Eagle Ford...
Read more »

Kaspa (KAS) up 10%, Here's What Buyers Are Targeting.KaspaCurrency is on uptrend today amid steady ecosystem expansion
Read more »