The long-awaited launch of investment giant, JPMorgan’s ‘JPM Coin’ is reportedly being used for the first time this week by a “large technology client” to execute payments commercially that is using it for round-the-clock cross-border payments. The company has, however, not yet disclosed the name of the major tech firm which will be leveraging the
Banking giant, JP Morgan’s latest report reveals that Bitcoin was the fastest recovering asset from the Covid-19 slump back in March. Bitcoin Scores Big In Its First Stress Test Cryptocurrencies, specifically Bitcoin has been often deemed by the highest officials as a currency used for illicit activities. However, with every season that passes by individuals
Goldman Sachs may be re-examining their view of Bitcoin and cryptocurrencies. Today, May 27, 2020, the multi-billion dollar Wall Street investment bank will hold a client call with a view of discussing how the current monetary policies affects gold, inflation, and Bitcoin. Although not explicit, this conference call could be an opportunity for the bank’s
J.P. Morgan Chase, a $2.7 trillion banking behemoth, will offer banking services to Gemini and Coinbase, two of US-based cryptocurrency exchanges, according to reports by the WSJ. Specifically, the Jamie Dimon-led bank will offer deposit, withdrawal, and transferring services for customers with Automated Clearing House (ACH) infrastructure but will notably not deal with digital currencies. J.P.