JPMorgan Coin Payment System Does $1B In Daily Transactions, A Huge Jump From Four Months Ago

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JPMorgan Chase & Co (NYSE: JPM) digital token JPMorgan Coin handles $1 billion worth of transactions daily and intends to continue widening its usage, Bloomberg reported, citing JPMorgan Chase & Co. Global Head of Payments Takis Georgakopoulos. He added the token trades mostly in U.S. dollars daily. In June 2023, the bank launched euro-denominated transactions through the JPMorgan Coin. Read Next: JP Morgan, Mastercard Launch Pay-By-Bank Solution In The US; Verizon To Pilot Program In The Coming Months Since its launch in the year 2020, JPMorgan Coin has completed $300 million in transactions …

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