JP Morgan is developing its own “digital wallet” to meet consumer demand After the beginning of November, it created a “phenomenon” in the traditional financial world with cross-border transactions through the Polygon blockchain, and two years ago it created a piece money. JPM Coin is also the first bank stablecoin.
On November 21, US Patent and Trademark Office Attorney Michael Kondoudis revealed that JP Morgan & Chase Co., the owner of the largest US bank. and is one of the world’s largest financial companies. has filed a patent for Web3 business and created a digital wallet for storing cryptocurrency assets.
According to Kondoudis, the United States Patent and Trademark Office (USPTO) approved the registration application of JP Morgan & Chase Co on 15 November. As for the wallet platform, it offers users a wide range of services, such as sending and receiving cryptocurrencies. Digital currency payment service digital checkbook and various financial services
*** JP Morgan ascends to the heart of the digital currency universe.
Although the CEO of JP Morgan himself has a clear stance against Bitcoin and cryptocurrencies. But the giant bank has invested in crypto-related products. continuously to increase the efficiency of the financial transaction system
At the beginning of November, JP Morgan did what is considered a “phenomenon” in the world of traditional financial systems. by conducting cross-border transactions through the Polygon blockchain
*Related News: JP Morgan Pilots DeFi Transactions for First Time on Public Blockchain
Earlier in late October 2020, JP Morgan announced the launch of JPM Coin, the bank’s first stablecoin. Guaranteed to maintain the value of the coin with the credibility of being a global financial institution, JPM Coin can be used as a cross-border payment medium. And it represents the position that JP Morgan is a champion of crypto innovation.
On the same day, the bank also launched Onyx, the world’s first banking platform powered by blockchain. Its aim is to develop innovative online products, platforms and markets.
Although the registration under the trademark “JP Morgan Wallet” states that the digital wallet is capable of processing cryptocurrency payments. But he still hasn’t revealed those details “Which cryptocurrencies will be supported?”
source: cryptopotato twitter.com jpmorgan
* Crypto currency and digital tokens are high risk, you may lose your total investment, please study and invest appropriately with your risk tolerance.
