JPM Coin serves as a temporary vehicle for real-time gross settlement between JPMorgan’s institutional clients.
that the company processes over $1 billion in daily transactions through its digital asset, JPM Coin.
Speaking during an interview with Bloomberg TV on Oct.26, Georgakopoulos named three major inefficiencies of the current payment systems: the speed of the payments, especially cross-border transactions; the separate movement of money and information, which makes it hard to track or reconcile transactions; and the fungibility of money.
In June 2023, JPMorgan reported that more than $300 million was transacted via JPM Coin since its 2020 launch. The new data, reporting daily transactions exceeding $1 billion, is a massive surge in four months. This may be explained by the
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