A top executive at banking giant JPMorgan says that JPM Coin, the firm’s own digital asset, is set to increase its daily volume by potentially 10X.
In a new interview with Bloomberg, Umar Farooq, JPMorgan’s global head of financial institution payments, says that with JPM Coin, the firm has made significant progress in terms of offering enterprise blockchain solutions.
“Frankly, our core remit is to redesign the infrastructure on how to move money, how to move assets, etc. And we’ve made, we believe, more progress than anyone else in the world in rolling out blockchain enterprise solutions, everything from JPM Coin to Onyx digital assets to collateralized tokens, etc.
In our mind, we’ve made a huge [amount] of progress, and I think you can