{"id":24591,"date":"2023-06-23T12:22:00","date_gmt":"2023-06-23T12:22:00","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/06\/23\/jpmorgans-blockchain-project-expands-to-include-euro-denominated-payments\/"},"modified":"2023-06-23T12:22:00","modified_gmt":"2023-06-23T12:22:00","slug":"jpmorgans-blockchain-project-expands-to-include-euro-denominated-payments","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/06\/23\/jpmorgans-blockchain-project-expands-to-include-euro-denominated-payments\/","title":{"rendered":"JPMorgan&#8217;s blockchain project expands to include euro-denominated payments"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687520713716-cd93ef71-355f-4c29-b386-c4ea1f3c778f-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687520713716-cd93ef71-355f-4c29-b386-c4ea1f3c778f-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687520713716-cd93ef71-355f-4c29-b386-c4ea1f3c778f-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687520713716-cd93ef71-355f-4c29-b386-c4ea1f3c778f-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/06\/1687520713716-cd93ef71-355f-4c29-b386-c4ea1f3c778f.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>JPMorgan launched the JPM Coin, a reside blockchain software aiming to present an alternate cost rail working on blockchain, in 2019.<\/li>\n<li>JPM Coin is a part of JPMorgan\u2019s blockchain-based platform generally known as Onyx Coin Systems.<\/li>\n<li>Germany\u2019s conglomerate Siemens AG is the primary firm to course of euro-denominated payments on the blockchain.<\/li>\n<\/ul>\n<p>According to a Bloomberg report, JPMorgan has launched euro-denominated payments for company shoppers in its <a href=\"https:\/\/coinjournal.net\/news\/tag\/blockchain\/\">blockchain<\/a>-based cost system, JPM Coin.<\/p>\n<p>The information comes shortly after JPMorgan Chase was fined $4 million by the US SEC for mistakenly deleting 47 million emails dated between January 1 and April 23, 2018. The emails had been reportedly deleted in June 2019 According to US securities legal guidelines, monetary companies together with banks, are required to preserve enterprise information for 3 years.<\/p>\n<p>JPMorgan\u2019s head of Coin Systems for Europe, the Middle East, and Africa, Basak Toprak, claims that JPM Coin began accepting euro transactions on June 21. According to Toprak, the platform\u2019s first euro cost was made by the German conglomerate Siemens AG.<\/p>\n<h2>JPM Coin<\/h2>\n<p>The <a href=\"https:\/\/coinjournal.net\/news\/jpmorgan-launches-jpm-coin-seeks-to-build-its-revamped-blockchain-network\/\">JPM Coin was launched in October 2020<\/a> as a part of JPMorgan\u2019s blockchain-based platform generally known as Onyx Coin Systems. The JPM Coin is the cryptocurrency of JPMorgan\u2019s Onyx blockchain.<\/p>\n<p>So far, JPM Coin has processed greater than $300 billion value of transactions, making it one of the used blockchains by a conventional monetary establishment.<\/p>\n<p>JPM Coin permits the institutional shoppers of JPMorgan to make wholesale payments between accounts around the globe utilizing blockchain tech because the rails.<\/p>\n<p>JPM Coin permits the institutional shoppers of JPMorgan to make wholesale payments between accounts around the globe utilizing blockchain tech because the rails.<\/p>\n<h2>JPMorgan\u2019s Onyx Coin Systems<\/h2>\n<p>JPMorgan launched Onyx Coin Systems in 2020, aiming to enhance the standard of wholesale cost transactions.<\/p>\n<p>As of April 2023, Onyx had processed almost $700 billion value of short-term mortgage transactions.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/jpmorgans-blockchain-project-expands-to-include-euro-denominated-payments\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] JPMorgan launched the JPM Coin, a reside blockchain software aiming to present an alternate cost rail working on blockchain, in 2019. JPM Coin is a part of JPMorgan\u2019s blockchain-based platform generally known as Onyx Coin Systems. Germany\u2019s conglomerate Siemens AG is the primary firm to course of euro-denominated payments on the blockchain. According to 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