JPMorgan Chase will start testing its cryptocurrency by the end of 2019

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JPMorgan Chase, one of the largest US financial holdings, will conduct closed testing of JPM Coin in conjunction with corporate clients. Umar Farouk, head of the bank’s digital treasury and blockchain department, said that tests of the digital currency should begin before the end of the year. JPMorgan expects stablecoin to help accelerate corporate payments, […]

Deutsche Bank Joins JPMorgan Cryptocurrency Payment Network

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Deutsche Bank joins the Interbank Information Network (IIN) launched by JPMorgan Chase. IIN operates on the Quorum blockchain, which was developed in 2017 based on the Ethereum platform. The project uses JPM Coin stablecoin to process dollar payments of client banks, helping to reduce the time and costs of interbank transactions. Although testing of the system […]