JPMorgan Chase has announced that it will begin small-scale trials of a cryptocurrency that it has developed. The JPM Coin will be pegged to the US and based on blockchain technology. Its purpose is to increase the speed of payments between corporate customers and to serve as a more efficient internal record of value transfer. At present, there are no plans to sell the cryptocurrency on open markets, as is done with other cryptocoins such as Bitcoin and Ether.
- By Global Risk Intel
- Feb 20, 2019
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