JPMorgan Explores Blockchain-Powered Deposit Token for Faster International Payments
JPMorgan Chase & Co., the largest bank in the United States, is reportedly contemplating the launch of a novel digital currency. This digital currency aims to expedite cross-border financial transactions. While the project is still in its early stages, insiders with knowledge of the matter, who chose to remain anonymous, revealed that JPMorgan is exploring the concept of a blockchain-based deposit token. This token would serve as a transferable digital currency, representing a deposit claim against the bank. It’s worth noting that JPMorgan has already laid much of the groundwork required to implement this innovative payment system. However, the bank