The New York-based multinational bank JPMorgan Chase & Co. told Bloomberg that its digital settlement token, known as JPM Coin, boasts $1 billion in daily transaction volume.
JPMorgan Chase & Co. unveiled the settlement token product in 2019 to help institutional clients make wholesale payments to accounts around the world through blockchain technology.
Earlier this June, the company offered euro-denominated payments via JPM Coin to promote cross-border payments to corporate clients.
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