The adoption of JPMorgan’s own digital token continues to grow, with transaction volumes reportedly reaching $1 billion per day.
JPMorgan’s digital token – JPM Coin – handles daily transactions with a value of $1 billion, according to a «Bloomberg» report citing global head of payments Takis Georgakopoulos.
«JPM Coin gets transacted on a daily basis mostly in US dollars, but we again intend to continue to expand that,» he said.
Mass Usage
Currently, JPM Coin allows wholesale clients to execute dollar and euro-denominated payments via a private blockchain network. Moving forward, the bank is exploring ways to achieve even greater adoption.
“[The] next step in that journey is to think about how you can create a more retail version of that so that you can bring that same efficiency to consumers, Georgakopoulos added.
