According to ChainCatcher, global investment bank JPMorgan released a report titled "The Application of Programmability in Commercial Banking and Payments", which stated that JPM Coin has seamlessly processed billions of dollars in transactions with Ant International.
JPM Coin is developed using a mix of blockchain-based and non-blockchain-based elements, collectively referred to as the JPM Coin Platform. The blockchain component is based on Quorum, an EVM-compatible blockchain platform that complies with the Enterprise Ethereum specification maintained by the Enterprise Ethereum Alliance. JPMorgan Chase's programmable payments feature enables clients to define programmable instructions on the JPM Coin Platform. These instructions can include a set of event triggers, conditions, and actions that are automatically executed.
It is reported that Ant International is a leading global digital payment and financial technology provider and the international branch of Ant Group, the owner and operator of Alipay. Ant International works with more than 70 financial institutions around the world to provide online payment channels for 1.2 billion buyers and 2 million sellers in more than 200 countries, and provides services to major merchants around the world and all Alibaba affiliates.
