GREY:GBCHF - Post by User
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Bu11ish0NG0ldon Feb 14, 2019 11:01pm
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Post# 29368531
RE:Two Words
RE:Two WordsNot Dead.
JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business
- Engineers at the lender have created the "JPM Coin," a digital token that will be used to instantly settle transactions between clients of its wholesale payments business.
- Only a tiny fraction of payments will initially be transmitted using the cryptocurrency, but the trial represents the first real-world use of a digital coin by a major U.S. bank.
- While J.P. Morgan's Jamie Dimon has bashed bitcoin as a "fraud," the bank chief and his managers have consistently said blockchain and regulated digital currencies held promise.