JPM Coin now lets approved institutions move bank dollars on Ethereum in seconds, any day.

JPMorgan is rolling out JPM Coin on Ethereum for institutional clients.

Each unit stands for a dollar already sitting in a JPMorgan account.

Only vetted, approved counterparties can hold it, so it is not a coin anyone can buy on an exchange.

The bank began testing blockchain settlement because normal bank wires can take days and only move during business hours.

💬 Would companies trust bank tokens more on public blockchains?

Source: Decrypt

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