#JPMorgan

In a surprising move, banking giant JPMorgan has announced the release of its cryptocurrency JPM Coin, claimed to be the first to be issued by a bank. The token will be used mainly to settle payments using the money, securities, and other assets by between the company’s payment business clients.

According to the Financial Times, America’s biggest bank in assets, JP Morgan Chase, partnered with New York-based startup Digital Asset Holdings launched an experimentap project to implement blockchain technology in banking, The Financial Times reports.