JPMorganChase
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#JPMorganChase & Co. foresees its digital token, #JPMCOIN , handling $10 billion in daily transactions in the upcoming year. Umar Farooq, the bank's Global Head of Financial Institution Payments, shared this expectation during an interview at the Singapore FinTech Festival. Currently processing around $1 billion in daily transactions, mostly in US dollars, JPM Coin operates on a private #blockchain network, facilitating secure dollar and euro-denominated payments for institutional clients. The bank aims to expand the token's utility and is contemplating a retail version to bring similar efficiency to consumers. Despite the potential for blockchain technology to offer swift and cost-effective payments, questions regarding scalability in real-world applications persist.
The CEO of JPMorgan Chase, Jamie Dimon, leading the world's largest bank, is bullish on utility-focused cryptocurrency and has emphasized its value in technologies such as the tokenization of real-world assets and data movement.
This support follows that of Larry Fink, the CEO of BlackRock, the largest investment firm worldwide, who recently endorsed tokenization, calling it 'the next step going forward' after the #BitcoinETF.
#TokenFi is strongly focused on becoming the leading tokenization platform, with one of its products being the TokenFi RWA Tokenization Module. The module will integrate Chainlink's technology to ensure a robust foundation.
The TokenFi RWA Tokenization Module uses $TOKEN as its main utility token and is set to go live on the mainnet in 2024.
#Tokenazition #BitcoinETF💰💰💰 #BlackRockInCrypto #JPMorganChase
This support follows that of Larry Fink, the CEO of BlackRock, the largest investment firm worldwide, who recently endorsed tokenization, calling it 'the next step going forward' after the #BitcoinETF.
#TokenFi is strongly focused on becoming the leading tokenization platform, with one of its products being the TokenFi RWA Tokenization Module. The module will integrate Chainlink's technology to ensure a robust foundation.
The TokenFi RWA Tokenization Module uses $TOKEN as its main utility token and is set to go live on the mainnet in 2024.
#Tokenazition #BitcoinETF💰💰💰 #BlackRockInCrypto #JPMorganChase
Top U.S. Banks Under Federal Investigation – Here is Why
Several major banks, including JPMorgan Chase, Bank of America, and Wells Fargo, are under federal scrutiny for handling fraud and scams on Zelle, the instant payments platform.
The Consumer Financial Protection Bureau (CFPB) is examining how these banks manage disputed transactions and address fraudulent transfers.
The CFPB’s investigation follows complaints that banks have been inadequate in preventing and addressing scams, where users are tricked into authorizing fraudulent payments. The probe is also assessing whether these banks, which are major Zelle owners, are properly screening customers and closing scam-related accounts.
Recent findings by the Senate’s Permanent Subcommittee on Investigations reveal a significant drop in reimbursement rates for Zelle scam victims, from 62% in 2019 to 38% in 2023. Additionally, between 2021 and 2023, the banks denied reimbursement for $880 million in disputed transactions.
In response, Zelle has introduced new rules requiring banks to refund certain scam-related losses, particularly in cases involving impersonation of financial institutions or government agencies. Zelle’s parent company, Early Warning Services, emphasizes that while most Zelle transactions are fraud-free, the focus should be on tackling the criminals behind the scams, not just increasing reimbursement rates.
JPMorgan Chase has publicly criticized the CFPB’s investigation, suggesting that the agency’s demands exceed legal requirements and hinting at possible legal challenges.
#jpmorganbank #JPMorganChase #MarketDownturn #BlackRockETHOptions #Write2Earn!
The Consumer Financial Protection Bureau (CFPB) is examining how these banks manage disputed transactions and address fraudulent transfers.
The CFPB’s investigation follows complaints that banks have been inadequate in preventing and addressing scams, where users are tricked into authorizing fraudulent payments. The probe is also assessing whether these banks, which are major Zelle owners, are properly screening customers and closing scam-related accounts.
Recent findings by the Senate’s Permanent Subcommittee on Investigations reveal a significant drop in reimbursement rates for Zelle scam victims, from 62% in 2019 to 38% in 2023. Additionally, between 2021 and 2023, the banks denied reimbursement for $880 million in disputed transactions.
In response, Zelle has introduced new rules requiring banks to refund certain scam-related losses, particularly in cases involving impersonation of financial institutions or government agencies. Zelle’s parent company, Early Warning Services, emphasizes that while most Zelle transactions are fraud-free, the focus should be on tackling the criminals behind the scams, not just increasing reimbursement rates.
JPMorgan Chase has publicly criticized the CFPB’s investigation, suggesting that the agency’s demands exceed legal requirements and hinting at possible legal challenges.
#jpmorganbank #JPMorganChase #MarketDownturn #BlackRockETHOptions #Write2Earn!
Exciting news: JPMorgan Chase, the largest bank in the US, has taken a bold step into the world of cryptocurrency by investing in spot Bitcoin ETFs. This move is significant as it demonstrates increasing acceptance of digital currencies within mainstream banking.
The decision by such a major financial institution could pave the way for broader adoption of cryptocurrencies in the financial sector. It marks a significant milestone in the evolution of digital currencies and their integration into traditional banking systems.
What does this mean for the future of banking and digital currencies? Only time will reveal the full implications, but one thing is certain: Wall Street's acknowledgment of the crypto world carries immense weight and could catalyze further advancements in the field.
Stay tuned for more updates as this story unfolds! #JPMorganChase #FinanceRevolution 🌐🔥 #MbeyaconsciousComunity
The decision by such a major financial institution could pave the way for broader adoption of cryptocurrencies in the financial sector. It marks a significant milestone in the evolution of digital currencies and their integration into traditional banking systems.
What does this mean for the future of banking and digital currencies? Only time will reveal the full implications, but one thing is certain: Wall Street's acknowledgment of the crypto world carries immense weight and could catalyze further advancements in the field.
Stay tuned for more updates as this story unfolds! #JPMorganChase #FinanceRevolution 🌐🔥 #MbeyaconsciousComunity
WHY $LINK is Mooning 🚀
Chainlink Completes Collaboration Pilot with U.S. Banks
The pilot program tested a method of bringing traditional financial fund data onto the blockchain, with participation from major banks like JPMorgan and BNY Mellon.
The Depository Trust and Clearing Corporation (DTCC), the world’s largest settlement system, along with blockchain oracle Chainlink, recently concluded a pilot program involving several major US banking firms. The program aimed to facilitate the tokenization of traditional finance funds.
Known as the Smart NAV Pilot program, it sought to standardize the provision of net asset value (NAV) data for funds across different blockchains. This was achieved through the utilization of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), as outlined in a DTCC report dated May 16.
According to the report, the pilot demonstrated that by delivering structured data on-chain and establishing standard roles and processes, foundational data could be integrated into various on-chain applications. These include tokenized funds and “bulk consumer” smart contracts, which manage data for multiple funds.
These capabilities not only pave the way for future industry exploration but also enable various downstream use cases, such as brokerage applications, streamlined data dissemination, and easier access to historical fund data. Additionally, the pilot facilitated better-automated data management, minimized disruption to existing market practices for traditional financial institutions, allowed clients to access historical data without manual record-keeping, and offered broader API solutions for price data.
#MicroStrategy #BlackRock #JPMorganChase #BTC
Chainlink Completes Collaboration Pilot with U.S. Banks
The pilot program tested a method of bringing traditional financial fund data onto the blockchain, with participation from major banks like JPMorgan and BNY Mellon.
The Depository Trust and Clearing Corporation (DTCC), the world’s largest settlement system, along with blockchain oracle Chainlink, recently concluded a pilot program involving several major US banking firms. The program aimed to facilitate the tokenization of traditional finance funds.
Known as the Smart NAV Pilot program, it sought to standardize the provision of net asset value (NAV) data for funds across different blockchains. This was achieved through the utilization of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), as outlined in a DTCC report dated May 16.
According to the report, the pilot demonstrated that by delivering structured data on-chain and establishing standard roles and processes, foundational data could be integrated into various on-chain applications. These include tokenized funds and “bulk consumer” smart contracts, which manage data for multiple funds.
These capabilities not only pave the way for future industry exploration but also enable various downstream use cases, such as brokerage applications, streamlined data dissemination, and easier access to historical fund data. Additionally, the pilot facilitated better-automated data management, minimized disruption to existing market practices for traditional financial institutions, allowed clients to access historical data without manual record-keeping, and offered broader API solutions for price data.
#MicroStrategy #BlackRock #JPMorganChase #BTC
🚀 Breaking News: JPMorgan Chase Embraces Bitcoin! 🚀
🇺🇸 Wall Street Titan Makes a Crypto Leap! JPMorgan Chase, the largest bank in the US, has officially entered the cryptocurrency sphere by purchasing spot Bitcoin ETFs. 📈💰
👀 Why It Matters: This significant move by a major financial institution signals a growing acceptance and integration of digital currencies in mainstream banking and could potentially lead to more widespread adoption in the financial sector.
💥 Stay Tuned for More Updates! What will this mean for the future of banking and digital currencies? Only time will tell, but one thing is clear - the crypto world just got a major nod from Wall Street.
#JPMorganChase #FinanceRevolution 🌐🔥 #MbeyaconsciousComunity
🇺🇸 Wall Street Titan Makes a Crypto Leap! JPMorgan Chase, the largest bank in the US, has officially entered the cryptocurrency sphere by purchasing spot Bitcoin ETFs. 📈💰
👀 Why It Matters: This significant move by a major financial institution signals a growing acceptance and integration of digital currencies in mainstream banking and could potentially lead to more widespread adoption in the financial sector.
💥 Stay Tuned for More Updates! What will this mean for the future of banking and digital currencies? Only time will tell, but one thing is clear - the crypto world just got a major nod from Wall Street.
#JPMorganChase #FinanceRevolution 🌐🔥 #MbeyaconsciousComunity
🇬🇧 UK_ 0.25% rate cut
🇨🇳 China_0.25% rate cut
🇨🇦 Canada_0.25% rate cut
🇪🇺 Eu_0.25% rate cut
🇩🇰 Denmark _0.25% rate cut
J.P. Morgan recently provided a forecast that highlights a cautious but optimistic outlook for the financial markets. The firm expects global economic growth to remain steady, driven by strong consumer spending and robust labor markets. However, they also anticipate potential headwinds, including geopolitical uncertainties and inflationary pressures. J.P. Morgan predicts that central banks will maintain a balanced approach to monetary policy, aiming to support growth while managing inflation. In the equity markets, they foresee moderate gains, with a focus on sectors that can benefit from the ongoing economic recovery. For fixed income, the firm suggests a careful selection of bonds, as interest rates and credit conditions will play a significant role in determining returns. Overall, J.P. Morgan's forecast underscores a resilient economic environment, tempered by caution due to evolving global challenges.
🇺🇲 FED is next.....
jpMorgan forecast 1% cut by November #JPMorganBitcoin #JPMorganChase #BinanceHODLerBANANA
🇨🇳 China_0.25% rate cut
🇨🇦 Canada_0.25% rate cut
🇪🇺 Eu_0.25% rate cut
🇩🇰 Denmark _0.25% rate cut
J.P. Morgan recently provided a forecast that highlights a cautious but optimistic outlook for the financial markets. The firm expects global economic growth to remain steady, driven by strong consumer spending and robust labor markets. However, they also anticipate potential headwinds, including geopolitical uncertainties and inflationary pressures. J.P. Morgan predicts that central banks will maintain a balanced approach to monetary policy, aiming to support growth while managing inflation. In the equity markets, they foresee moderate gains, with a focus on sectors that can benefit from the ongoing economic recovery. For fixed income, the firm suggests a careful selection of bonds, as interest rates and credit conditions will play a significant role in determining returns. Overall, J.P. Morgan's forecast underscores a resilient economic environment, tempered by caution due to evolving global challenges.
🇺🇲 FED is next.....
jpMorgan forecast 1% cut by November #JPMorganBitcoin #JPMorganChase #BinanceHODLerBANANA
JPMorgan Chase Under Scrutiny for Unauthorized Transactions. 🛂🤯
In the intricate realm of finance, trust forms the bedrock of customer-institution relationships. However, recent events have cast a shadow on JPMorgan Chase's commitment to safeguarding its clients' assets. A concerning incident involving a customer named Alejandra has brought to light the challenges surrounding unauthorized transactions and the adequacy of the bank's response.
The Tale of Alejandra's Struggle:
Alejandra found herself entangled in a $1,500 unauthorized spending spree on Uber, prompting her to report the incident to Chase. Despite providing evidence of foul play, the bank denied her claim, asserting that her physical card and PIN were used. A perplexed Alejandra questioned the rationale behind her PIN being employed for online transactions, where PINs are typically unnecessary.
The Chase community on Reddit rallied behind Alejandra, advising her to file a fraud case and acknowledging the apparent theft of her debit card and PIN. Suggestions flooded in, including filing a case with the Consumer Financial Protection Bureau and activating transaction alerts. This incident is not isolated, as major US banks, including Chase, faced a surge in fraud complaints and account closures throughout the year.
Broader Trends and Alarming Developments:
November witnessed nearly 200 former Chase customers airing grievances about wrongful account terminations, causing financial chaos. In May, attorneys general from 19 states accused Chase of violating equality policies when closing accounts. These incidents underscore a growing trend of dissatisfaction and distrust among customers.
Implications and Lessons Learned:
Alejandra's ordeal shines a spotlight on the uphill battle customers face when dealing with unauthorized transactions, raising questions about the efficacy of Chase's fraud prevention measures. The increasing tide of complaints against the bank adds to the mounting scrutiny of its practices.
#JPM #JPMorgan #Chase #Alejandra #JPMorganChase
In the intricate realm of finance, trust forms the bedrock of customer-institution relationships. However, recent events have cast a shadow on JPMorgan Chase's commitment to safeguarding its clients' assets. A concerning incident involving a customer named Alejandra has brought to light the challenges surrounding unauthorized transactions and the adequacy of the bank's response.
The Tale of Alejandra's Struggle:
Alejandra found herself entangled in a $1,500 unauthorized spending spree on Uber, prompting her to report the incident to Chase. Despite providing evidence of foul play, the bank denied her claim, asserting that her physical card and PIN were used. A perplexed Alejandra questioned the rationale behind her PIN being employed for online transactions, where PINs are typically unnecessary.
The Chase community on Reddit rallied behind Alejandra, advising her to file a fraud case and acknowledging the apparent theft of her debit card and PIN. Suggestions flooded in, including filing a case with the Consumer Financial Protection Bureau and activating transaction alerts. This incident is not isolated, as major US banks, including Chase, faced a surge in fraud complaints and account closures throughout the year.
Broader Trends and Alarming Developments:
November witnessed nearly 200 former Chase customers airing grievances about wrongful account terminations, causing financial chaos. In May, attorneys general from 19 states accused Chase of violating equality policies when closing accounts. These incidents underscore a growing trend of dissatisfaction and distrust among customers.
Implications and Lessons Learned:
Alejandra's ordeal shines a spotlight on the uphill battle customers face when dealing with unauthorized transactions, raising questions about the efficacy of Chase's fraud prevention measures. The increasing tide of complaints against the bank adds to the mounting scrutiny of its practices.
#JPM #JPMorgan #Chase #Alejandra #JPMorganChase
🔴 JPMorgan Chase's Q3 2024 EPS beats expectations, recording $4.37 per share versus $4.01 expected.
#jpmorganbank #jpmorganexploit #JPMorganBitcoin #JPMorganCryptoWarning #JPMorganChase
#jpmorganbank #jpmorganexploit #JPMorganBitcoin #JPMorganCryptoWarning #JPMorganChase
🚨 NEWS ALERT 🚨
#JPMorganChase CEO Jamie Dimon says the #FED will cut rates by 25-50 basis points tomorrow.
#FedRateDecisions #NeiroOnBinance #FOMC
#JPMorganChase CEO Jamie Dimon says the #FED will cut rates by 25-50 basis points tomorrow.
#FedRateDecisions #NeiroOnBinance #FOMC
Cryptocurrency: JPMorgan Announces an Imminent Market Comeback!
In a surprising turn of events, JPMorgan has announced an imminent comeback in the cryptocurrency market. After a period of market volatility and regulatory scrutiny, this declaration has sent ripples through the financial world.
JPMorgan's analysis points to several factors driving this resurgence:
1. Institutional Adoption: More major financial institutions are integrating cryptocurrency into their portfolios, providing a stability boost and increasing market legitimacy.
2. Regulatory Clarity: Recent developments suggest clearer regulatory frameworks are on the horizon, reducing uncertainty and fostering a more favorable environment for crypto investments.
3. Technological Advancements: Ongoing innovations in blockchain technology continue to enhance scalability, security, and functionality, making cryptocurrencies more attractive to a broader range of users and investors.
4. Global Economic Factors: With inflation concerns and geopolitical tensions, cryptocurrencies are becoming an appealing hedge for many investors.
JPMorgan's forecast underscores a renewed confidence in the cryptocurrency space, potentially signaling a period of growth and opportunity. As the market braces for this anticipated comeback, both seasoned investors and newcomers are keeping a close watch on the evolving landscape.
#JPMorganChase #altsesaon #NewsAboutCrypto #NewProtocol #Ethereum_ETFs_Expected_Date
In a surprising turn of events, JPMorgan has announced an imminent comeback in the cryptocurrency market. After a period of market volatility and regulatory scrutiny, this declaration has sent ripples through the financial world.
JPMorgan's analysis points to several factors driving this resurgence:
1. Institutional Adoption: More major financial institutions are integrating cryptocurrency into their portfolios, providing a stability boost and increasing market legitimacy.
2. Regulatory Clarity: Recent developments suggest clearer regulatory frameworks are on the horizon, reducing uncertainty and fostering a more favorable environment for crypto investments.
3. Technological Advancements: Ongoing innovations in blockchain technology continue to enhance scalability, security, and functionality, making cryptocurrencies more attractive to a broader range of users and investors.
4. Global Economic Factors: With inflation concerns and geopolitical tensions, cryptocurrencies are becoming an appealing hedge for many investors.
JPMorgan's forecast underscores a renewed confidence in the cryptocurrency space, potentially signaling a period of growth and opportunity. As the market braces for this anticipated comeback, both seasoned investors and newcomers are keeping a close watch on the evolving landscape.
#JPMorganChase #altsesaon #NewsAboutCrypto #NewProtocol #Ethereum_ETFs_Expected_Date
JP Morgan Strategist Predicts US Liquidity to Contract as Temporary Boosts Fade
#JPMorganChase #JPMorganBitcoin #LowestCPI2021
#Binanceaward #CryptoNewsCommunity
JP Morgan strategist Nikolaos Panigirtzoglou has discussed recent changes in the U.S. M2 money supply, noting a temporary rebound following a decline in April. He expects U.S. liquidity to contract again, similar to 2022, influenced by the Fed’s ongoing quantitative tightening (QT) and slower bank loan growth.
#JPMorganChase #JPMorganBitcoin #LowestCPI2021
#Binanceaward #CryptoNewsCommunity
JP Morgan strategist Nikolaos Panigirtzoglou has discussed recent changes in the U.S. M2 money supply, noting a temporary rebound following a decline in April. He expects U.S. liquidity to contract again, similar to 2022, influenced by the Fed’s ongoing quantitative tightening (QT) and slower bank loan growth.
U.S. - Listed Bitcoin Miners Reached Record Total Market Cap of $22.8B in June
~ JPMorgan
#JPMorganChase #MiningToMillions #btcpizza #btc73k #Top_Gainers
$BTC $ETH $BNB
~ JPMorgan
#JPMorganChase #MiningToMillions #btcpizza #btc73k #Top_Gainers
$BTC $ETH $BNB
JPMorgan Chase, the largest bank in the US, has taken a groundbreaking step into the world of cryptocurrency by investing in spot Bitcoin ETFs. This move signifies a significant shift towards mainstream acceptance of digital currencies within the financial industry, potentially paving the way for broader adoption. The implications for banking and digital currencies are profound, marking a notable acknowledgment of the crypto space by Wall Street. Stay tuned for further developments! #JPMorganChase #FinanceRevolution 🌐🔥 #MbeyaconsciousComunity
$BTC
$ETH
$SOL
$BTC
$ETH
$SOL
⚠️ US Banks and Mastercard Lead the Way in Tokenized Asset Settlements🚨🚨🚨
📌 In a move towards smoother cross-border transactions, Mastercard has teamed up with major US banks, including JPMorgan and Citibank, to test a Regulated Settlement Network (RSN) powered by distributed ledger technology.
🚀🚀 The RSN proof-of-concept will focus on settling tokenized assets such as commercial bank money, central bank money, and securities like US treasuries. By leveraging shared ledgers, the aim is to enhance the efficiency of multi-asset settlements denominated in US dollars.
🔥This initiative builds on Mastercard's previous project, which explored tokenized US dollar transfers. Joining the trial are notable players like Visa, Swift, TD Bank N.A., U.S. Bank, USDF, and Wells Fargo.
🏦 The Federal Reserve Bank of New York will be closely observing this experiment, recognizing the potential of distributed ledger infrastructure for regulated financial transfers.
👉 As the world embraces real-world asset tokenization, even skeptics like JPMorgan's Jamie Dimon acknowledge that blockchain is the "real deal." BlackRock's recent foray into tokenized assets with its BUIDL fund further underscores this trend.
👉 Debopama Sen from Citi Services highlights the broader implications of tokenization, emphasizing the need for more versatile platforms for financial settlements. With this RSN launch, Citi eagerly joins the exploration of these opportunities.
Follow for more.❤️
Thanks
#Mastercard #swift #JPMorganChase #realmabbaskhan #BTC走势分析
📌 In a move towards smoother cross-border transactions, Mastercard has teamed up with major US banks, including JPMorgan and Citibank, to test a Regulated Settlement Network (RSN) powered by distributed ledger technology.
🚀🚀 The RSN proof-of-concept will focus on settling tokenized assets such as commercial bank money, central bank money, and securities like US treasuries. By leveraging shared ledgers, the aim is to enhance the efficiency of multi-asset settlements denominated in US dollars.
🔥This initiative builds on Mastercard's previous project, which explored tokenized US dollar transfers. Joining the trial are notable players like Visa, Swift, TD Bank N.A., U.S. Bank, USDF, and Wells Fargo.
🏦 The Federal Reserve Bank of New York will be closely observing this experiment, recognizing the potential of distributed ledger infrastructure for regulated financial transfers.
👉 As the world embraces real-world asset tokenization, even skeptics like JPMorgan's Jamie Dimon acknowledge that blockchain is the "real deal." BlackRock's recent foray into tokenized assets with its BUIDL fund further underscores this trend.
👉 Debopama Sen from Citi Services highlights the broader implications of tokenization, emphasizing the need for more versatile platforms for financial settlements. With this RSN launch, Citi eagerly joins the exploration of these opportunities.
Follow for more.❤️
Thanks
#Mastercard #swift #JPMorganChase #realmabbaskhan #BTC走势分析
Donald Trump wants to appoint to the post of US Treasury Secretary if he wins the election.🔥🔥🔥
Jamie Dimon, CEO of JPMorgan, has previously repeatedly criticized cryptocurrency , called Bitcoin a “Ponzi scheme” and stated that he would block the cryptocurrency at the first opportunity.
Now, according to Trump, the CEO of JPMorgan, when the position of the Secretary of the Treasury appeared on the horizon, sharply changed his opinion about Bitcoin.
And i hope you understand he will ban it for sure, just little bit later when people will pay taxes from their profit, and after that he will start his big game! =)
✅NOTE: Follow For More... to get free VIP Signals , Chart Analysis 🚨, and update news. So you will not miss any signals or opportunity.💰💰
#trump #JPMorganChase #JPMorganBitcoin #Mt_Gox_BTC_Dip #dumpalert
Jamie Dimon, CEO of JPMorgan, has previously repeatedly criticized cryptocurrency , called Bitcoin a “Ponzi scheme” and stated that he would block the cryptocurrency at the first opportunity.
Now, according to Trump, the CEO of JPMorgan, when the position of the Secretary of the Treasury appeared on the horizon, sharply changed his opinion about Bitcoin.
And i hope you understand he will ban it for sure, just little bit later when people will pay taxes from their profit, and after that he will start his big game! =)
✅NOTE: Follow For More... to get free VIP Signals , Chart Analysis 🚨, and update news. So you will not miss any signals or opportunity.💰💰
#trump #JPMorganChase #JPMorganBitcoin #Mt_Gox_BTC_Dip #dumpalert
#COINCU
#JPMorganChase has announced an instant #EURUSD conversion service on its #Kinexys blockchain, aimed at providing faster, more cost-effective solutions, especially for fintech companies. This new blockchain service, which reduces conversion times from one to two days to instant transfers, is anticipated to attract significant user interest. #JPMCOIN , JPMorgan’s blockchain token, will support this service by generating revenue through transaction fees and foreign exchange spreads. The Kinexys platform has seen substantial growth, with transaction volumes up tenfold year-over-year, and further expansion is expected. The bank’s CEO, Jamie Dimon, noted that JPMorgan is leading in blockchain implementation, emphasizing the bank’s continued focus on scaling this technology.
Additionally, other notable blockchain and crypto developments include the Tether CEO detailing the reserves backing $USDT, a major investment in Swisstronik, and speculation that BlockDAG's hybrid technology could potentially surpass $BTC and $ETH with significant price growth.
#JPMorganChase has announced an instant #EURUSD conversion service on its #Kinexys blockchain, aimed at providing faster, more cost-effective solutions, especially for fintech companies. This new blockchain service, which reduces conversion times from one to two days to instant transfers, is anticipated to attract significant user interest. #JPMCOIN , JPMorgan’s blockchain token, will support this service by generating revenue through transaction fees and foreign exchange spreads. The Kinexys platform has seen substantial growth, with transaction volumes up tenfold year-over-year, and further expansion is expected. The bank’s CEO, Jamie Dimon, noted that JPMorgan is leading in blockchain implementation, emphasizing the bank’s continued focus on scaling this technology.
Additionally, other notable blockchain and crypto developments include the Tether CEO detailing the reserves backing $USDT, a major investment in Swisstronik, and speculation that BlockDAG's hybrid technology could potentially surpass $BTC and $ETH with significant price growth.