🏦 JPMorgan announced the public launch of the JPM Coin token (#JPMD).

JPM Coin is a deposit token representing the dollar deposits of JPMorgan customers. Now transfers can be made through the blockchain Base instantly and around the clock.

What is important:
➥ The token has already been tested by Mastercard, Coinbase and B2C2.
➥ At the next stage, JPM Coin will be available not only to JPMorgan institutional clients, but also to their partners and counterparties.
➥ JPMorgan is preparing a euro version (#JPME) and support for other blockchains.
➥ Tokens can be used as collateral on Coinbase.
➥ Previously, JPM Coin was used only in the bank’s internal network.

Unlike stablecoins, which do not give a percentage to holders, deposit tokens are a real bank on the blockchain. They are secured by customer deposits and can bring profitability.

JPMorgan already processes over $3b per day through its Kinexys blockchain network, and now enters the public space.

@Сryptoz ₿