.jpmorgan has expanded its blockchain-based settlement token JPM Coin to euro-denominated payments, according to a report. By JamieCrawleyCD.
JPM Coin went live with euro payments on Wednesday, according to the report, citing an interview with the bank's head of Coin Systems for Europe Basak Toprak. German tech firm Siemens conducted the first euro payment on the platform., over $300 billion in transactions have been processed using JPM Coin, making it one of the most extensive uses of blockchain technology by a traditional financial institution.
The $300 billion is still but a drop in the ocean compared to the nearly $10 trillion that JPMorgan processes by conventional means on a daily basis.
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