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JP Morgan’s Blockchain Breakthrough – JPM Coin Poised For Tenfold Growth In Daily Transactions: Report

JP Morgan Chase & Co. (NYSE: JPM) could reportedly manage as much as $10 billion in digital token JPM Coins in daily transactions in the next year or two. The banking behemoth, which currently handles about $1 billion JPM Coins daily, is hoping for at least a five times to 10 times boost in transactions over the period, according to a news report by Bloomberg Technology, citing a statement from the company’s Global Head of Financial Institution Payments Umar Farooq in an interview. JPM Coin, utilized by JPMorgan’s wholesale clients, facilitates payments in dollars and euros via a private block…