JPM Coin serves as a value token on the Quorum consortium blockchain, using software (called "Quorum") also built by JP Morgan Chase, and is used to facilitate interbank payments on the Interbank Information Network (IIN), a payments network that as of 2020[update] includes over 300 banks.
JPM Coin was preceded by Signature Bank's Signet stablecoin, launched by on December 4, 2018.
- Lucas Mearian (February 14, 2019), "J.P. Morgan to launch a U.S. dollar-backed cryptocurrency", Computerworld
- Mary-Ann Russon (February 14, 2019), JP Morgan creates first US bank-backed crypto-currency, BBC
- Hugh Son (February 14, 2019), JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business, CNBC,
[R]etail investors will probably never get to own a JPM Coin. Unlike bitcoin, only big institutional clients of J.P. Morgan that have undergone regulatory checks, like corporations, banks and broker-dealers can use the tokens.
- Anna Irrera (11 February 2020). "JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys". Reuters. Retrieved 12 February 2020.
- David Canellis (February 14, 2019), JP Morgan’s new digital 'coin' is not a cryptocurrency, or even a stablecoin: JPM Coin is the ultimate bankcoin, The Next Web
- Antony Peyton. "JP Morgan's Quorum blockchain powers new correspondent banking network " Banking Technology". www.bankingtech.com. Archived from the original on 9 November 2017. Retrieved 22 February 2019.
- "Signature Bank Unveils Proprietary Digital Payments Platform, Signet™". www.businesswire.com. 2018-12-04. Retrieved 2019-04-22.
- Quorum homepage, JP Morgan
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