JPM Coin

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

[1]JPM Coin is the second dollar-backed cryptocurrency (stablecoin) from a major bank (the first was Signet, launched by Signature Bank on December 4, 2018).[2] It was announced by JP Morgan Chase in February, 2019 as an institution-to-institution service.[3][4][5] A permissioned blockchain variant of Ethereum called Quorum is used as the distributed ledger platform.[6][7]

References[edit]

  1. ^ Allison, Ian (February 14, 2019). "Already Live: Signature Bank is Moving Millions on a JPMorgan-Like, Private Dollar-Backed Cryptocurrency". Coindesk.
  2. ^ "Signature Bank Unveils Proprietary Digital Payments Platform, Signet™". www.businesswire.com. 2018-12-04. Retrieved 2019-04-22.
  3. ^ Lucas Mearian (February 14, 2019), "J.P. Morgan to launch a U.S. dollar-backed cryptocurrency", Computerworld
  4. ^ Mary-Ann Russon (February 14, 2019), JP Morgan creates first US bank-backed crypto-currency, BBC
  5. ^ 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.
  6. ^ 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
  7. ^ 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.


External links[edit]