JP Morgan Launches the First Crypto Backed by a U.S Bank
For more latest news update on Cryppcurrency Bitcoin & free Crypto trading signal on telegram join below given Telegram channel Join- https://t.me/btctradingclub JP Morgan Chase has created the first bank-backed cryptocurrency in the United States. Dubbed the JPM Coin, the new crypto will target the instantaneous transfer of payments between institutions. The bank is one of the biggest wholesale payments processors in the world, moving more than $6 trillion every day. It intends to use the JPM Coin to move a fraction of these in a trial run. The biggest bank in the U.S, JP Morgan has had a love-hate relationship with the crypto and blockchain industry. Its CEO, Jamie Dimon has been one of the biggest bitcoin critics globally. He has previously labeled bitcoin one of the biggest scams in history. The New York-based bank also joined Wells Fargo in banning the purchase of cryptos through their credit cards. However, JP Morgan has remained supportive of blockchain technol...