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JPMorgan Launches JPM Coin, World’s First Bank to Launch Cryptocurrency

Liang CHE

Summary: According to coingape.com, JPMorgan will launch a cryptocurrency named JPM Coin, which makes it the first U.S. bank that launch a cryptocurrency. CNBC reported that the new digital currency will be redeemable for one U.S. dollar each, and will be used to develop the bank's payments business based blockchain technology. It also could be used ...

According to coingape.com, JPMorgan will launch a cryptocurrency named JPM Coin, which makes it the first U.S. bank that launch a cryptocurrency. CNBC reported that the new digital currency will be redeemable for one U.S. dollar each, and will be used to develop the bank's payments business based blockchain technology. It also could be used to facilitate debt transactions and treasury services.

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