NEW YORK: JPMorgan Chase & Co plans to run trials using cryptocurrency for clients of its wholesale-payments business, CNBC reported.
Dubbed JPM Coin, the initial tests will involve only a tiny portion of payments at the start, according to CNBC. It’s based on blockchain technology, a decentralised public ledger of cryptocurrency transactions that’s seen as a way to track transactions without central record-keeping.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!