Banking Giant JP Morgan To Launch Their Own Digital Currency
J.P.Morgan, the banking giant is launching its own coin in a bid to transform the payments industry. JPM coin will facilitate payment settlement between clients with a small fraction of payments scheduled for a pilot program in a few months from now. J.P. Morgan is the first major U.S. bank to launch a digital currency. According to reports, JPM coin would be backed by USD, similar to other stablecoins like USDT and TUSD. Umar Farooq, the bank’s head of digital treasury has said, “Anything that currently exists in the world, as that moves onto the blockchain, this would be the…





