• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

JPMorgan Coin information $one billion in transactions every single day

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

JPM Coin lets enterprise-degree buyers to make payments on the blockchain, a unusual instance of blockchain use by a important financial institution.

JPMorgan Coin information $one billion in transactions every single day

Related articles

Coin68 Weekly Magazine (November 20 - November 26): Shocking $4.3 Billion Fine for Binance

Coinlive Weekly Magazine (November twenty – November 26): Shocking $four.three Billion Fine for Binance

November 26, 2023
$91 million was transferred to Layer-2 Blast within a day of launch

$91 million was transferred to Layer-two Blast inside of a day of launch

November 22, 2023

According to Bloombergthe American giant JPMorgan Chase & Co is at the moment processing a trading volume of one billion bucks per day for its JPM Coin token. Takis Georgakopoulos, head of worldwide payments at JPMorgan, mentioned there is even now space to broaden JPM Coin’s “coverage.”

JPMorgan Chase’s JPM Coin digital token now handles $one billion really worth of day by day transactions, and the financial institution programs to carry on expanding its use https://t.co/aiEyj6kG3w

— Bloomberg (@company) October 26, 2023

JPM Coin is a payment token that lets JPMorgan consumers to make USD payments through blockchain throughout the world. Last June, this Wall Street giant just integrated added euro payment strategies.

During the interview on Bloomberg Television on October 26, JPMorgan’s worldwide payments director mentioned:

“JPM Coin trades daily primarily in USD, which we intend to continue to expand.”

Since its launch in 2019, in excess of $300 billion in transaction worth has been processed via JPM Coin, building it the most broadly applied blockchain technologies by common fiscal institutions. At the similar time, dThis is also a unusual instance of a substantial financial institution applying blockchain, but the over variety even now represents only a smaller portion of the $ten trillion in transactions JPMorgan processes every single day.

Additionally, JPMorgan is also creating a new blockchain-primarily based digital currency, aiming to accelerate and optimize transaction charges for consumers. Unlike JPM Coin, the new token will work similarly to stablecoins and CBDCs, applied to send income to banking institutions outdoors the technique or applied for encrypted securities.

JPMorgan is a single of the number of banking institutions with an open frame of mind in the direction of blockchain fairly early. Recall that in May 2023, when the price tag of Bitcoin (BTC) was hovering about USD 26,700, JPMorgan analysts predicted that the price tag of BTC could rise to the very low degree of USD 45,000 thanks to the sharp maximize in gold charges and to the occasion. which will get location concerning April and May 2024.

Coinlive compiled

Maybe you happen to be interested:

Join the discussion on the hottest concerns in the DeFi market place in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Tags: billionCoindayJP MorganJPM coinJPMorganrecordsTransactions
Share76Tweet47

Related Posts

Exposed Crypto OTC Scam Defrauds $50 Million

by shark
June 22, 2025
0

Large-scale crypto OTC scam hits investors, defrauding over $50 million in assets.

U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows

by shark
June 22, 2025
0

U.S. spot Bitcoin ETFs see significant inflows led by BlackRock, indicating strong institutional market confidence.

Semler Scientific Targets 105,000 BTC Holding by 2027

by shark
June 22, 2025
0

Discover how Semler Scientific plans to accumulate 105,000 Bitcoin by 2027, impacting institutional adoption and market dynamics.

Pump.fun Delays Token Auction Amid Legal Challenges

by shark
June 22, 2025
0

Pump.fun delays token auction to July 2025 due to legal issues affecting market sentiment.

Coinbase Relocates EU Headquarters to Luxembourg Post-MiCA Approval

by shark
June 22, 2025
0

Coinbase, led by EMEA Vice President Daniel Seifert, gains MiCA approval and establishes its EU headquarters in Luxembourg, enabling access...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Exposed Crypto OTC Scam Defrauds $50 Million
  • U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows
  • Semler Scientific Targets 105,000 BTC Holding by 2027
  • Pump.fun Delays Token Auction Amid Legal Challenges
  • Coinbase Relocates EU Headquarters to Luxembourg Post-MiCA Approval
  • Trump Family Cuts Stake in World Liberty Financial
  • Bloomberg Raises ETF Approval Odds for XRP, Dogecoin
  • Crypto Market Sees $200M Liquidation in One Hour
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7