JPM. US digital token JPMCoin has a daily trading volume of $1 billion
According to the Zhitong Finance APP, Takis Georgakopoulos, Global Payments Director of JPM. US, the company's digital token JPMCoin currently processes $1 billion worth of transactions per day, and the bank plans to continue expanding its usage range
According to the Zhitong Finance APP, Takis Georgakopoulos, Global Payments Director of JPM. US, the company's digital token JPMCoin currently processes $1 billion worth of transactions per day, and the bank plans to continue expanding its usage range. Georgakopoulos said on Thursday, "JPMorgan Chase's daily trading is mainly in US dollars, but we plan to continue expanding this scale
JPMCoin enables wholesale trading customers to make payments denominated in US dollars and euros through private blockchain networks. This is one of the few real-time blockchain applications in large banks, but compared to JPMorgan's $10 trillion in daily transactions, it is only a small fraction. The company also runs a blockchain based repurchase application and is exploring a digital deposit token to accelerate cross-border settlement.
Regarding digital deposit tokens, Georgakopoulos said, "The next step is to consider how to create a more retail version so that you can bring the same efficiency to consumers
Supporters of blockchain believe that they can provide instant payments at a lower cost than existing technologies. But digital ledgers have not yet been tested on a scale similar to existing payment networks.
Tag: JPM. US digital token JPMCoin has daily trading volume
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