JPMorgan is bringing bank deposits onto Ethereum.
The bank is expanding JPM Coin to the network, giving institutional clients access to 24/7 transfers backed by US dollar deposits and faster settlement for blockchain-based payments.
JPM Coin is designed to bring traditional bank deposits into blockchain transactions. JPMorgan expects demand from crypto firms and financial institutions using tokenized assets that need digital dollars for payments, settlement, and collateral.
The bank is expanding JPM Coin to the network, giving institutional clients access to 24/7 transfers backed by US dollar deposits and faster settlement for blockchain-based payments.
JPM Coin is designed to bring traditional bank deposits into blockchain transactions. JPMorgan expects demand from crypto firms and financial institutions using tokenized assets that need digital dollars for payments, settlement, and collateral.