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JP Morgan claims big institutions are hot for its (non-)cryptocurrency


Despite dividing opinions earlier this year with its “cryptocurrency” JPM Coin, American bank JP Morgan is rolling out its blockchain-based tech to more clients. JP Morgan says potential clients from the US, Europe, and Japan are interested in using its digital coin to speed up securities trading, Bloomberg reports. The US bank says that it’s aiming to begin testing its JPM Coin with external clients “around the end of the year.” That’s all well and good, but it will need to meet regulatory approval to go ahead, according to the bank‘s head of digital treasurery services and blockchain, Umar Farooq.…

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