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JPMorgan Wades Into Digital Currency Market with JPM Coin

Friday, Feb 15 2019
Cryptocurrency
Written by  FinTech News Brief Staff

JPMorgan Chase is launching its own digital currency called JPM Coin. So reports the The Verge.

The company’s CEO has made comments in the past indicating he doesn't care about “bitcoin,” making the recent announcement a surprise to some onlookers. The new currency is set to give clients and bankers a way to exchange payments in real time. The company recently built an “Ethereum-based blockchain platform” for customers and floated the idea of using tokens backed by diamonds and gold.

Read the full story from The Verge.

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