JPMorgan Expands JPM Coin to Ethereum
JPMorgan is taking its bank-issued deposit token onto the public Ethereum network, expanding access for institutional users.
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JPMorgan is taking its bank-issued deposit token onto the public Ethereum network, expanding access for institutional users.
Bloomberg reported that JPMorgan Chase is expanding its JPM Coin deposit token to the Ethereum blockchain. The token represents U.S. dollar deposits held at the bank and enables eligible clients to transfer funds within seconds, around the clock.
JPMorgan brought its USD-denominated JPM Coin deposit token to Ethereum for institutional clients, according to the supplied report.