JPM Coin is a stablecoin made by J.P.Morgan on the Quorum (forked from Ethereum) blockchain. J.P.Morgan officially announced JPM Coin on February 14, 2019 and became the first bank in the United States to successfully execute transactions using a digital currency representing fiat currency. The transaction consisted of transferring money from a J.P.Morgan client account into a J.P.Morgan account. The JPM Coin is made to be redeemable at a 1:1 ratio with fiat currencies and is only available for institutional customers (banks, broker dealers, corporations etc..) able to pass the J.P.Morgan Know Your Customer (KYC) test.
Crypto executives on JPMorgan Chase creating JPM Coin
J.P. Morgan Creates Digital Coin for Payments | J.P. Morgan
JPM Coin: JP Morgan Launching a Stablecoin, But Don't Call It a Cryptocurrency
William M. Peaster
JPMorgan Has Its Own Crypto and It's Starting Real-World Trials - CoinDesk
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Documentaries, videos and podcasts
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- Cluster: Blockchain & cryptocurrencyA cluster of topics related to blockchain and cryptocurrency.
- JPMorgan ChaseAmerican multinational banking and financial services holding company
- StablecoinA type of cryptocurrency asset which is designed to have low volatility and therefore beneficial properties as a medium of exchange or a unit of account.