jpm coin

J.P. Morgan this month became the first U.S. bank to create and successfully test a digital coin representing a fiat currency. The JPM Coin is based on blockchain-based technology enabling the instantaneous transfer of payments between institutional clients. We sat down with Umar Farooq, head of Digital Treasury Services and Blockchain, to find out more about the announcement and what it means for the future of payments.

Source: jpmorgan.com

This Week in Web3: Unlocking Blockchain’s Potential Within Payment Ecosystems
This Week in Web3: Unlocking Blockchain’s Potential Within Payment Ecosystems
October 02, 2024  |  Blockchain

Blockchain is growing into a global innovation that transcends its initial association with crypto. The auction house Christie’s, for example, recently announced that an upcoming...

READ MORE >
First Abu Dhabi Bank Completes Programmable Payments Pilot With JPM Coin
First Abu Dhabi Bank Completes Programmable Payments Pilot With JPM Coin
September 25, 2024  |  Blockchain

First Abu Dhabi Bank (FAB) successfully completed a pilot using programmable payments with JPM Coin through Onyx by J.P. Morgan. This programmability enables payments to...

READ MORE >
Stablecoins Surge in Prominence and Utility Across FinTech Ecosystem
Stablecoins Surge in Prominence and Utility Across FinTech Ecosystem
September 23, 2024  |  Cryptocurrency

You are the company you keep. And that old adage is good news for stablecoins, the digital currencies pegged to traditional fiat currencies like the...

READ MORE >
Kyriba and JPMorgan’s Onyx Collaborate on Blockchain-Based X-Border Payments
Kyriba and JPMorgan’s Onyx Collaborate on Blockchain-Based X-Border Payments
April 08, 2024  |  Partnerships

Kyriba and J.P. Morgan’s blockchain business unit, Onyx, are collaborating to streamline cross-border payments. Kyriba, a provider of liquidity performance solutions, will use Onyx’s digital currency and blockchain...

READ MORE >
JPM Coin Programmable Payments Goes Live With Siemens
JPM Coin Programmable Payments Goes Live With Siemens
November 10, 2023  |  Blockchain

Onyx by J.P. Morgan has recently launched programmable payments through its blockchain-based digital currency, JPM Coin. This innovative solution allows users to program their transactions...

READ MORE >
JPMorgan: JPM Coin Handles $1 Billion in Daily Transactions
JPMorgan: JPM Coin Handles $1 Billion in Daily Transactions
October 26, 2023  |  Blockchain

J.P. Morgan said its digital token now handles $1 billion in daily transactions. “JPM Coin gets transacted on a daily basis mostly in U.S. dollars,...

READ MORE >
Report: JPMorgan Chase Explores Blockchain for Cross-Border Payments
Report: JPMorgan Chase Explores Blockchain for Cross-Border Payments
September 07, 2023  |  Digital-First Banking

JPMorgan Chase is reportedly considering using blockchain technology to create a digital deposit token for faster cross-border payments and settlements, Bloomberg has reported, citing an anonymous source...

READ MORE >
Bitcoin Price Surges as JPMorgan and Others Launch Crypto Projects
Bitcoin Price Surges as JPMorgan and Others Launch Crypto Projects
June 23, 2023  |  Cryptocurrency

Bitcoin reached its highest level since June 2022 on Friday (June 23). The cryptocurrency’s value went as high as $31,410 before edging lower later in the day,...

READ MORE >
JPMorgan Chase Launches Euro-Denominated Transactions With JPM Coin
JPMorgan Chase Launches Euro-Denominated Transactions With JPM Coin
June 23, 2023  |  Blockchain

J.P. Morgan Chase has launched euro-denominated transactions with its blockchain-based JPM Coin. This offering for corporate clients went live Wednesday (June 21), Bloomberg reported Friday (June 23). Reached by...

READ MORE >