Onyx by J.P. Morgan has recently launched programmable payments through its blockchain-based digital currency, JPM Coin. This innovative solution allows users to program their transactions using an “If-This-Then-That” interface, providing greater control and flexibility over their accounts. According to a press release, the programmability allows...
J.P. Morgan said its digital token now handles $1 billion in daily transactions. “JPM Coin gets transacted on a daily basis mostly in U.S. dollars, but we again intend to continue to expand that,” Global Head of Payments Takis Georgakopoulos told Bloomberg in an interview...
JPMorgan Chase is reportedly considering using blockchain technology to create a digital deposit token for faster cross-border payments and settlements, Bloomberg has reported, citing an anonymous source familiar with the matter. Per the Thursday (Sept. 7) report, the U.S. bank has already developed the necessary infrastructure for...
Bitcoin reached its highest level since June 2022 on Friday (June 23). The cryptocurrency’s value went as high as $31,410 before edging lower later in the day, Bloomberg reported Friday. With that gain, bitcoin topped its previous peak for 2023 so far, which was $31,013; boosted its value by...
November 04, 2020
From concept to pilot to corporate payment game changer. Umar Farooq, CEO of J.P. Morgan’s Onyx, told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments and remove the complexities tied to legacy systems. The conversation took place against the backdrop where, late last month, J.P. Morgan […]
February 15, 2019
There was a time when JPMorgan Chase (JPMC) CEO Jamie Dimon didn’t have much in the way of positive things to say about bitcoin. “The currency isn’t going to work,” the executive...
April 08, 2024
Kyriba and J.P. Morgan’s blockchain business unit, Onyx, are collaborating to streamline cross-border payments. Kyriba, a provider of liquidity performance solutions, will use Onyx’s digital currency and blockchain technology for cross-border payments, the companies said in a Monday (April 8) press release. “Our comprehensive partner ecosystem drives innovation and helps customers outperform their strategic goals by providing implementation expertise, […]
November 10, 2023
Onyx by J.P. Morgan has recently launched programmable payments through its blockchain-based digital currency, JPM Coin. This innovative solution allows users to program their transactions using an “If-This-Then-That” interface, providing...
October 26, 2023
J.P. Morgan said its digital token now handles $1 billion in daily transactions. “JPM Coin gets transacted on a daily basis mostly in U.S. dollars, but we again intend to...
September 07, 2023
JPMorgan Chase is reportedly considering using blockchain technology to create a digital deposit token for faster cross-border payments and settlements, Bloomberg has reported, citing an anonymous source familiar with the matter. Per...
