JP Morgan brings cryptoCarnancy !
JPMorgan Chase, the financial services provider, is entering the Cryptocarbon sector. The company has announced its own virtual currency unveiling.
Some banks are considering the issue of bringing cryptanacars in recent times. However, in such a situation, the decision of JPMorgan is a little surprised. The company's chief executive Jamie Daemon has said before, "It does not matter anything" in Bitcoin.
It seems that this stiff position of the head could not keep the company away from the virtual currency. The new digital coin, named 'JPM Coin', will probably give its employees and corporate customers the opportunity to deal with virtual currency.
JP Morgan says that the conventional transaction system takes several days and it will be replaced as an alternative to cryptocurrency. Once upon a time, big companies like Facebook will start using JPM coins to pay fees to their employees within the moment.
There is no mention of whether ordinary customers can purchase or trade using this virtual currency, said US media CNBC.
This is not the first step of JP Morgan to enter the cryptococcern and blockchain sector.
Prior to that, the company has built its own Ethanam Blockchain network.
The issue of currency fluctuations in the virtual currency sector is a matter of recent discussion. In such a situation, keeping the price of JPM coins stable compared to other virtual currency, it has been kept consistent with the dollar price.
In a few months, the currency will be released in the market. It is still unclear whether it will be used for everyone or not, but it will be relaxed.
Some banks are considering the issue of bringing cryptanacars in recent times. However, in such a situation, the decision of JPMorgan is a little surprised. The company's chief executive Jamie Daemon has said before, "It does not matter anything" in Bitcoin.
It seems that this stiff position of the head could not keep the company away from the virtual currency. The new digital coin, named 'JPM Coin', will probably give its employees and corporate customers the opportunity to deal with virtual currency.
JP Morgan says that the conventional transaction system takes several days and it will be replaced as an alternative to cryptocurrency. Once upon a time, big companies like Facebook will start using JPM coins to pay fees to their employees within the moment.
There is no mention of whether ordinary customers can purchase or trade using this virtual currency, said US media CNBC.
This is not the first step of JP Morgan to enter the cryptococcern and blockchain sector.
Prior to that, the company has built its own Ethanam Blockchain network.
In a few months, the currency will be released in the market. It is still unclear whether it will be used for everyone or not, but it will be relaxed.
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