JPMorgan Chase's JPM Coin payment system has provided euro payments for corporate clients

2023-06-24 08:55:09

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ChainCatcher news, according to Bloomberg, JPMorgan's blockchain payment system JPM Coin, launched in 2019 for dollar transfers, has gone live with euro transactions on Wednesday. Siemens AG conducted the first euro payment on the platform. A representative from Siemens confirmed this cross-border transaction.

JPM Coin is a real-time blockchain application, but it only accounts for a small portion of JPMorgan's payment business. Since its launch, the system has processed approximately $300 billion in transactions. In comparison, JPMorgan processes nearly $1 trillion in payments daily. Previous report stated that at the beginning of last year, the Central Bank of Bahrain announced that JPMorgan's JPM Coin system successfully completed testing in the Onyx division. (Bloomberg)

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