JPMorgan’s digital asset, JPM Coin, has seen a surge in adoption, with daily transactions reaching $1 billion. The bank’s Global Head of Payments, Takis Georgakopoulos, revealed plans to expand the use of JPM Coin to retail customers. Currently, the asset is limited to institutional clients who use it to transfer US dollars and Euros. Since its launch in 2020, JPM Coin has processed around $300 billion in transactions. Despite its success, the daily volume of JPM Coin remains a fraction of JPMorgan’s overall daily transactions, which amount to $10 trillion. The bank is now considering developing a retail version of the coin to bring the same efficiency to consumers. JPMorgan has been actively embracing blockchain technology and has created various blockchain-based products for payment processing.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	1
People	Takis Georgakopoulos
Companies	JPMorgan
Currencies	USDJPM, Unidef, The Standard EURO
Securities	None