JPMorgan’s digital token said to handle $1b in daily transactions
The bank also plans to expand support for fiat currencies to deal with JPM Coin other than the U.S. dollar and euro. JPMorgan’s blockchain-powered stablecoin JPM Coin, pegged to the U.S. dollar, has reached the $1 billion mark in processed daily transactions as the bank keeps betting on blockchain. In an interview with Bloomberg on Oct. 26, JPMorgan Chase global head of payments, Takis Georgakopoulos, said the bank is now weighing its options to launch a retail version of the currency to bring “that same efficiency to consumers.” You might also like: JPMorgan launches new tokenization platform Although JPMorgan recently launched euro-supported payments with JPM Coin, the digital token has been used “mostly” with U.S. dollars. The New York City-based financial giant is now considering expanding support for other fiat currencies, Georgakopoulos said, without going into details. “JPM Coin gets transacted on a daily basis mostly in US d...