- JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business
- 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 U.S. bank.
- While J.P. Morgan’s Jamie Dimon has bashed bitcoin as a “fraud,” the bank chief and his managers have consistently said blockchain and regulated digital currencies held promise.
Where’d the bailout money go? $350 billion later, banks won’t say how they’re spending it.
Sometimes whales just get cravings for seal
Just because you run onto the beach doesn’t mean you’ll be safe from this whale. Quite amazing. Second video after the jump.