JP Morgan rolling out its own cryptocurrency

J.P. Morgan is rolling out the first US cryptocurrency backed by a bank. Engineers at the lender have created the "JPM Coin," a digital token that will be used to instantly settle transactions between clients of its wholesale payments business. While J.P. Morgan's Jamie Dimon has bashed bitcoin as a "fraud," the bank chief and his managers have consistently said blockchain and regulated digital currencies held promise.
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Thu, Feb 14 20191:22 PM EST