Jamie Crawley is a CoinDesk news reporter based in London.
U.S. banking behemoth JPMorgan now handles $1 billion worth of transactions in its digital token JPM Coin per day,
The wall street bank has plans to widen the coin's usage, according to the report, citing an interview with the bank’s head of payments Takis Georgakopoulos. JPM Coin is a settlement token that enables JPMorgan's institutional clients to make blockchain-based wholesale payments between accounts around the world.
“JPM Coin gets transacted on a daily basis mostly in U.S. dollars, but we again intend to continue to expand that,” Georgakopoulos said. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
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.
JPM Coin handles over $1B in daily transactions — JPMorgan execJPM Coin serves as a temporary vehicle for real-time gross settlement between JPMorgan’s institutional clients.
Read more »
JPMorgan's JPM Coin handles $1 billion in daily transactionsJPMorgan moves $1 billion daily through JPM Coin, said the company's global head of payments, Takis Georgakopoulos.
Read more »
US Fed proposes shrinking fees banks charge on debit card transactionsUS Fed proposes shrinking fees banks charge on debit card transactions
Read more »
xxxx TransactionsBASEBALL Major League Baseball American League ST.
Read more »
The World Bank approved a $1B loan to help blackout-hit South Africa's energy sectorThe World Bank has approved a $1 billion loan for South Africa to help it address an energy crisis that has peaked this year with the country’s worst electricity blackouts
Read more »
The World Bank approved a $1B loan to help blackout-hit South Africa's energy sectorThe World Bank has approved a $1 billion loan for South Africa to help it address an energy crisis that has peaked this year with the country’s worst electricity blackouts. It has forced South Africa to lean more heavily on its highly polluting coal-fired power stations.
Read more »