J P Morgan Designs its Own Digital Coin for Rapid Corporate Payments
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JPM is the first major US bank to create a digital coin, successfully test it & introduce its own coin. JPM Coin is based on blockchain technology that enables fast transfer of payments between corporate customers. A JPM coin always has an equivalent value to that of 1 US Dollar & uses JP Morgan's private blockchain. They tested the movement of money between a client account &JPM account using the new technology.