JP Morgan to launch its own cryptocurrency

J.P. Morgan Chase will be the first major U.S. bank to create its own cryptocurrency. In trials set to start in a few months, a tiny fraction of the $6 trillion the bank lends to corporations will happen over something called ‘JPM Coin.’ The digital token created by engineers at the New York-based bank to instantly settle payments between clients. The “Squawk Box” crew discusses the possible implications of this roll out for crypto investors.

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COMMENTS (1)

  • comment-avatar
    rimitlapos1987 June 15, 2019

    Gold. Please stop!