Chase Bank UK to Restrict Cryptocurrency Transactions
JPMorgan’s subsidiary, Chase Bank, will restrict all transactions involving cryptocurrencies for its clients in the United Kingdom starting Oct. 16. Chase Bank customers in the United Kingdom will no longer be able to make crypto transactions using their debit cards or outgoing bank transfers beginning on October 16, a spokesperson told Cointelegraph on September 26. […]
JPMorgan to Launch Blockchain-Based Deposit Token
JPMorgan is set to make a big splash in the digital finance space with its new blockchain-based deposit token. The token, awaiting U.S. regulators’ approval, will enable faster and cheaper cross-border transactions among banks and other entities. JPMorgan will back the new token with U.S. dollars and issue it on a blockchain platform. The new […]
JPMorgan Expands Its Blockchain-Based Token to Euro Payments
JPMorgan, the well-known American investment bank, has expanded its blockchain-based settlement token, JPM Coin, to include euro-denominated payments. The bank now uses its blockchain payment system to accept euro payments from its corporate clients. A JPMorgan representative confirmed the expansion. Siemens, a German conglomerate, carried out the first euro transaction on June 21. However, this […]
JPMorgan Brings Blockchain Payments to Europe with JPM Coin
The bank’s corporate clients can now transfer euros instantly and 24/7 using its blockchain platform Onyx Coin Systems. JPMorgan, one of the largest investment banks in the United States, is expanding the use of its blockchain-based payment system, JPM Coin , into traditional banking. Bloomberg reported on June 23 that the bank had deployed JPM […]
JPMorgan Utilizes Blockchain for Bank Transfers in India
JPMorgan, in its quest to investigate the advantages of blockchain, has used the technology to perform interbank dollar transactions in India, eradicating some limitations of conventional finance. Bloomberg reported on June 5 that JPMorgan has partnered with six major Indian banks to launch a blockchain-based platform for the intermediary settlement of dollar transactions. HDFC Bank […]