Too Long; Didn't Read
JPMorgan Chase introduced their <a href="https://hackernoon.com/tagged/cryptocurrency" target="_blank">cryptocurrency</a> called JPM Coin as <a href="https://cointelegraph.com/news/jpmorgan-chase-launches-jpm-coin-using-crypto-to-speed-settlements" target="_blank">reported by Cointelegraph on 14th February 2019</a>. JPM Coin works like <a href="https://hackernoon.com/tagged/bitcoin" target="_blank">Bitcoin</a>. It speeds up transactions between JPMorgan customers. JPM Coin is pegged to the US Dollar unlike other highly volatile cryptocurrencies- like a stablecoin. <a href="https://www.cnbc.com/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html" target="_blank">JPMorgan Chase is the first major United States bank</a> to introduce its own digital coin for real-world usage. The news further highlights Wall Street’s positive sentiments about blockchain technology.