Tagged: jpm coin

November 17, 2023 @ 9:56 am By JD Alois  |  

Distributed ledger technology, or blockchain, received some good news regarding its utility in establishment finance. Speaking at the annual Singapore Fintech Festival, Umar Farooq, JP Morgan’s (NYSE:JPM) Global Head of Financial Institution Payments, said that JPM Coin is now doing approximately $1 billion daily in… Read More

October 27, 2020 @ 9:43 am By JD Alois  |  

JPMorgan’s (NYSE:JPM) JPM Coin is being used live today by a “large international technology company that is using it for round-the-clock cross-border payments,” according to a report. JPM Coin was revealed back in early 2019. More of a stablecoin, the digital currency is viewed as… Read More

September 5, 2020 @ 2:29 pm By JD Alois  |  

Singapore recently completed a pilot program for a blockchain-based multi-currency payments network prototype. Project Ubin, launched in 2016, engaged with several private parties as well as government entities seeking to better understand the benefits of blockchain technology. The prototype was developed in collaboration with JPMorgan (NYSE:JPM) and… Read More

February 26, 2020 @ 11:54 am By JD Alois  |  

During the Commodity Futures Trading Commission (CFTC), Technical Advisory Committee (TAC) meeting held today, JP Morgan (NYSE:JPM) provided some additional insight into its proposed stablecoin: JPM Coin. Eddie Wen, Global Head of Digital Markets at JP Morgan, presented an explanation of JPM Coin. Wen said… Read More

November 11, 2019 @ 12:44 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) is partnering with JP Morgan Chase (NYSE:JPM) and Temasek on a blockchain-based payments platform that is capable of handling different currencies. JP Morgan has previously announced the development of an in-house crypto labeled JPM Coin. The eventual goal is… Read More

April 11, 2019 @ 2:08 pm By Cali Haan  |  

The IMF’s Christine Lagarde hosted a panel discussion on “Payments in the Digital Age” at the IMF’s Spring Meetings held this week in Washington, DC. A video of the panel is provided by CNBC international TV and can be viewed here. Panelists included the ECB’s… Read More

March 27, 2019 @ 2:57 am By Cali Haan  |  

Bank of America has obtained more patents for “blockchain technology” than any other finance institution, but the company’s tech and operations chief, Cathy Bessant told CNBC she’s underwhelmed by blockchain’s prospects: “What I am is open-minded…In my private scoreboard, in the closet, I am bearish.”… Read More

March 21, 2019 @ 1:27 pm By Cali Haan  |  

JP Morgan’s Global Head of eCommerce Solutions, Ron Karpovich, has told CNBC that there is, “more partnership instead of competition,” in payments and that, “Ultimately behind the scenes, (payments disruptors) are going to have to use a bank to move funds.” He also seemed to dismiss… Read More

March 19, 2019 @ 9:02 am By Cali Haan  |  

Citibank’s new innovation lab chief, Gulru Atak,  has told Coindesk this week that the bank will no longer be working to develop a cryptocurrency for cross-border payments. Citibank’s investigation into the possible creation of a “Citicoin” cryptocurrency reportedly began at the company’s Dublin innovation lab… Read More

February 26, 2019 @ 4:58 pm By JD Alois  |  

JP Morgan Chase held their annual investor day today. The full stack, day-long event, covers all aspect of the money center bank’s operations. In a report by CNBC, it was mentioned that Jamie Dimon, CEO of JPM, commented on the previously announced JPM Coin, a… Read More

February 16, 2019 @ 1:38 pm By JD Alois  |  

Last week, one of the big Fintech news stories was that JP Morgan Chase (NYSE:JPM) was issuing its own stablecoin anointed JPM Coin. The fact that an old school bank was embracing blockchain tech and going crypto caught the attention of traditional finance and disruptive… Read More

February 14, 2019 @ 6:56 am By JD Alois  |  

JP Morgan Chase, a traditional bank whose CEO Jamie Dimon famously called Bitcoin a fraud, is issuing its own stablecoin: JPM Coin. According to CNBC, Umar Farooq, Head of JP Morgan’s blockchain projects predicted the JPM Coin may be huge for corporations. “Money sloshes back and… Read More