#Expectations that daily transactions for this digital #currency will explode to this unprecedented number.

_At the recent #Singapore FinTech Festival, Omar Farooq, global head of financial institution payments at JP Morgan, provided insight into the future of JPM Coin, the bank's blockchain-based payment system. In his statements, Farouk expected a significant increase in the daily transaction volume of GBM Coin, expecting it to rise from its current value of $1 billion to $10 billion within one to two years. JPM Coin is a prominent direct #blockchain application among leading banks and is designed to help wholesale clients conduct transactions in dollars and euros through a private blockchain network. While blockchain technology is celebrated for enabling instant and cost-effective payments, its current use within JPMorgan represents only a small portion of the bank's total daily US dollar transactions, which amount to US$10 trillion.

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