Institutional acceptance of cryptocurrencies is increasing. Giant companies investing in cryptocurrencies is now among the ordinary news. In addition, considerable progress has been made in the fight against regulators. According to a last-minute development, JPMorgan, the largest bank in the USA, is entering the cryptocurrency field.
JPMorgan is preparing to launch cryptocurrency
As you follow on Kriptokoin.com, the crypto world continues to make progress in adoption. According to Bloomberg, JPMorgan Chase & Co. It is in the early stages of launching a blockchain-based crypto deposit token. The largest US bank is making this move to speed up cross-border payments and reconciliation.
According to the source, the largest US bank has developed much of the basic infrastructure needed to operate the new form of payment. However, the source, who spoke on condition of anonymity because the matter is private, noted that the project will not create the token unless it is approved by US regulators. The person said the bank could make the product available to corporate customers in less than a year after receiving approval.
Details coming…
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