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#Crypto News

JPMorgan’s JPM Coin Facilitates $1 Billion in Daily Transactions as Banking Giant Targets Cross-Border Settlements

Source: AdobeStock / monticellllo

JPMorgan Chase’s digital token, JPM Coin, processes $1 billion in daily transactions, mostly in US dollars, on a private blockchain. While significant, this is a fraction of the $10 trillion in daily US dollar transactions managed by the bank. JPMorgan aims to expand its use, including exploring a blockchain-based deposit token for interbank transfers.

Source: Cryptonews

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