JPMORGAN STARTS EURO BLOCKCHAIN PAYMENTS FOR CORPORATES

Summary from the TLDR Crypto newsletter

JPMorgan Chase has introduced euro-denominated payments for corporate clients using its JPM Coin, expanding its live blockchain application. Launched in 2019, JPM Coin was initially used to move dollars. The system allows wholesale payments clients to transfer dollars or euros within their JPMorgan accounts globally or make payments to other bank customers using the chain. JPM Coin enables always-available and fast payments, making it easier for corporate treasurers to manage liquidity than with traditional methods.