JPMorgan Chase is great-not only- of those giant and leading institutions among the entire world in all banking facilities. Manogliis made meaning into the realm or field of digital currency for the bank. And places have been happening findings from developing a digital currency for institutional clients exploring the possibilities of blockchain.
As far as the eminent milestones created by the JPMorgan’s digital currency journey is concerned, one of those would have to be the launch of JPM Coin, a form of digital currency regulated for the wholesale banking transaction. How revolutionizing were the characteristics of JPM Coin, seeing that it was a dollar-pegged stablecoin created for prompt, so-efficient cross-border payments between institutional clients? The initiation of JPM Coin is a great feat in the history of traditional financial institutions using digital currencies.
Further to JPM Coin, JPMorgan has actively explored the possibilities of blockchain technology within a broader perspective. Today, there have been many investments made by the bank in different blockchain startups, as well as developing the bank’s own bank-agile solutions on its blockchain platform to use for varied financial cases such as trade finance and settlement of securities.
This means that although JPMorgan is involved in all these digital currency networks, the firm is not aloof from the reality of challenges as a true traditional banking giant becoming a stakeholder in a fast-paced, emerging industry while trying to cover all bases of regulatory compliance. Yet, all these did not stop JPMorgan from investing in digital currencies as well as the technology behind blockchain.
Moreover, this entry of the bank into digital currencies characterized an emerging trend which many traditional financial institutions across the globe have started to commit to: the actual potential of digital currencies and blockchain. More frogs to bank and fina-