Tag: JP Morgan

  • JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business

    by levent

    Engineers at the lender have created the “JPM Coin,” a digital token that will be used to instantly settle transactions between clients of its wholesale payments business. Only a tiny fraction of payments will initially be transmitted using the cryptocurrency, but the trial represents the first real-world use of a digital coin by a major […]

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  • JP Morgan report states blockchain is overhyped and unlikely to change the world

    by levent

    Many on Wall Street are optimistic that blockchain technology will bring about massive disruption to legacy platforms as billion of dollars have been used to invest in the nascent industry. JP Morgan, however, doesn’t share this optimis, Business Insider reports. According to a recent report published by the multinational investment bank, blockchain isn’t that great. […]

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  • US bank gains help lift share markets

    by levent

    Three of the biggest US banks reported strong profits on Friday, helping to lift US share markets after several days of steep declines. The Dow Jones Industrial Average and S&P 500 closed up more than 1%, while the Nasdaq leapt nearly 2.3%. The increases followed a rise on global markets. The gains at JP Morgan […]

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