jpm coin

J.P. Morgan this month became the first U.S. bank to create and successfully test a digital coin representing a fiat currency. The JPM Coin is based on blockchain-based technology enabling the instantaneous transfer of payments between institutional clients. We sat down with Umar Farooq, head of Digital Treasury Services and Blockchain, to find out more about the announcement and what it means for the future of payments.

Source: jpmorgan.com

First Abu Dhabi Bank Completes Programmable Payments Pilot With JPM Coin
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First Abu Dhabi Bank (FAB) successfully completed a pilot using programmable payments with JPM Coin through Onyx by J.P. Morgan. This programmability enables payments to...

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You are the company you keep. And that old adage is good news for stablecoins, the digital currencies pegged to traditional fiat currencies like the...

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April 08, 2024  |  Partnerships

Kyriba and J.P. Morgan’s blockchain business unit, Onyx, are collaborating to streamline cross-border payments. Kyriba, a provider of liquidity performance solutions, will use Onyx’s digital currency and blockchain...

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JPM Coin Programmable Payments Goes Live With Siemens
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Onyx by J.P. Morgan has recently launched programmable payments through its blockchain-based digital currency, JPM Coin. This innovative solution allows users to program their transactions...

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JPMorgan: JPM Coin Handles $1 Billion in Daily Transactions
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J.P. Morgan said its digital token now handles $1 billion in daily transactions. “JPM Coin gets transacted on a daily basis mostly in U.S. dollars,...

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Report: JPMorgan Chase Explores Blockchain for Cross-Border Payments
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September 07, 2023  |  Digital-First Banking

JPMorgan Chase is reportedly considering using blockchain technology to create a digital deposit token for faster cross-border payments and settlements, Bloomberg has reported, citing an anonymous source...

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Bitcoin Price Surges as JPMorgan and Others Launch Crypto Projects
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June 23, 2023  |  Cryptocurrency

Bitcoin reached its highest level since June 2022 on Friday (June 23). The cryptocurrency’s value went as high as $31,410 before edging lower later in the day,...

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JPMorgan Chase Launches Euro-Denominated Transactions With JPM Coin
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J.P. Morgan Chase has launched euro-denominated transactions with its blockchain-based JPM Coin. This offering for corporate clients went live Wednesday (June 21), Bloomberg reported Friday (June 23). Reached by...

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Bahrain Central Bank Completes JPM Coin System Test
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The Central Bank of Bahrain has completed a test of the JPM Coin with Onyx by J.P. Morgan, which allowed Bank ABC to launch real-time...

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