$XRP and JPMORGAN is about to explode
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JPMorgan has not openly stated that it “favors” XRP, Ripple’s native cryptocurrency. The bank has developed its own blockchain-based payments solution called JPM Coin, which is used for internal and corporate transactions. In addition, the bank leads Liink, a blockchain-based network to facilitate payments and information exchanges between financial institutions.
While XRP is often discussed in relation to cross-border payments and blockchain technology, JPMorgan has prioritized its own proprietary solutions. Still, many financial institutions, including global banks, are evaluating or utilizing XRP and RippleNet for fast and cost-effective cross-border transaction settlement.