US investment bank JP Morgan has created a crypto-currency to help settle payments between clients in its wholesale payments business.
JPM Coin is the first digital currency to be backed by a major US bank.
The crypto-currency, which runs on blockchain technology, has been used successfully to move money between the bank and a client account.
JP Morgan says it sees potential in using digital coins to reduce risk and enable instant transfers.
JPM Coin is not for retail customers - it will be used internally by JP Morgan to enable the instantaneous transfer of payments between institutional accounts.
Leia a matéria completa: http://v.duta.us/ut6WPAAA