Citi Scraps Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency

2019-3-18 12:00

Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It's easier to rely on SWIFT.

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JPMorgan Unveils First Bank-Backed ‘JPM Coin’ Cryptocurrency

International investment bank and notorious Bitcoin skeptic JPMorgan Chase will be the first US bank to issue its own cryptocurrency. JPMorgan: ‘Endless’ Use Cases For Cryptocurrency In a surprising move, Umar Farooq, head of JPMorgan’s blockchain operations, told CNBC trials of JPM Coin would start in the coming months and that three use cases had already emerged.

2019-2-14 15:00