The client is using the coin to make cryptocurrency payments across borders. Further, the bank also recently introduced a new blockchain- and cryptocurrency-geared segment called Onyx. “JPMorgan hopes blockchain could reduce errors and rejections in cross-border payments by helping banks verify account information and regulatory compliance,” according to the article.
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JPM Coin Gets Its First Go with Mystery Client
JPMorgan Chase’s digital JPM Coin is being used commercially for the first time, although the “big technology client” using it is being kept under wraps. So reports Investor’s Business Daily.
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