Bitcoin

JPMorgan, the biggest US bank, is working on a new digital currency to make global payments faster, says a source.A source, keeping their identity hidden due to the project’s early stage, revealed that JPMorgan is looking into creating a digital currency backed by deposits using blockchain technology. This digital currency would serve as a transferable representation of deposit claims.They mentioned that although the necessary infrastructure is ready, the bank will wait for <a href="https://cryptosheadlines.com/crypto-com-expands-in-netherlands-after-regulatory-approval/" rel="noopener noreferrer nofollow">regulatory approval</a> before proceeding with the token’s development. If regulators give the <a href="https://cryptosheadlines.com/fraud-lawsuit-against-celsius-founder-given-green-light-by-judge/" rel="noopener noreferrer nofollow">green light</a>, JPMorgan could introduce this product to its corporate clients within a year. <a href="https://cryptosheadlines.com/jpmorgan-creating-blockchain-based-deposit-token-for-payments/" rel="noopener noreferrer nofollow">Read More...</a>

JPMorgan Creating Blockchain-Based Deposit Token for Payments

CryptosHeadlines.com

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