JPM Coin Transactions 'Going To Start Taking Off,' JPMorgan Predicts Daily Volume To Hit $10B
Portfolio Pulse from Khyathi Dalal
JPMorgan Chase & Co's digital token, JPM Coin, is expected to handle up to $10 billion in daily transactions in the next one to two years, a substantial increase from the current $1 billion. Since its 2019 launch, JPM Coin has processed $300 billion in transactions and recently expanded to include Euro transactions. The Onyx blockchain system, which powers JPM Coin, has introduced programmable payments, allowing for automated and real-time financial operations. Siemens has already utilized the system for account transfers.
November 15, 2023 | 2:58 pm
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JPMorgan's JPM Coin is projected to significantly increase its daily transaction volume, indicating potential revenue growth and technological advancement in blockchain-based payment systems.
The expected increase in daily transaction volume for JPM Coin suggests a growing adoption and trust in JPMorgan's blockchain technology, which could lead to increased revenue and a stronger market position in digital payments. The introduction of programmable payments and the expansion to include Euro transactions also demonstrate the company's commitment to innovation, which may positively influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100