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breaking news: jpmorgan is sending jpm coin to the moon with ethereum layer-2 JPMD tokens on coinbase 🚀
This move by JPMorgan signifies a shift towards leveraging blockchain technology for faster and more efficient settlement processes within the traditional banking system: the integration of JP
For decades, dollar settlement meant waiting for Fedwire to open; JPMorgan bypassed this by converting “JPM Coin” to deposit token JPMD on Coinbase’s Ethereum layer-2 (L2). 🏦 Pilot transactions with B2C2, Coinbase, and Mastercard are live. JPMD isn’t a DeFi experiment but a regulated bank currency on public rails with smart contract hooks. ⛓️ It represents insured deposits at JPMorgan on Ethereum’s rollup, providing 24/7 liquidity for corporate treasurers and traders. 🕒🔄
JPMorgan has just placed JPM Coin’s bank deposits on the basis
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