JPMorgan Expands JPM Coin to Ethereum
In a major win for institutional adoption, JPMorgan announced it is taking its JPM Coin deposit token to the #Ethereum(ETH) blockchain. This expansion will allow the bank's institutional clients to make payments and settle tokenized asset transactions directly on the Ethereum network. Despite this positive news, Ethereum's price has struggled to maintain upward momentum, dropping 2.3% today to hover just above the critical $2,300โ$2,400 support level.
In a major win for institutional adoption, JPMorgan announced it is taking its JPM Coin deposit token to the #Ethereum(ETH) blockchain. This expansion will allow the bank's institutional clients to make payments and settle tokenized asset transactions directly on the Ethereum network. Despite this positive news, Ethereum's price has struggled to maintain upward momentum, dropping 2.3% today to hover just above the critical $2,300โ$2,400 support level.