{"id":84651,"date":"2023-11-14T23:54:32","date_gmt":"2023-11-15T04:54:32","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/jpmorgan-expects-jpm-coin-to-hit-10-billion-in-daily-transactions\/"},"modified":"2023-11-14T23:54:33","modified_gmt":"2023-11-15T04:54:33","slug":"jpmorgan-expects-jpm-coin-to-hit-10-billion-in-daily-transactions","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84651","title":{"rendered":"JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions"},"content":{"rendered":"<div>\n<figure id=\"attachment_131450\" aria-describedby=\"caption-attachment-131450\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-131450\" class=\"wp-caption-text\">Source: AdobeStock \/ Alexey Novikov<\/figcaption><\/figure>\n<p>JPMorgan Chase &amp; Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the upcoming year.<\/p>\n<p>This projection comes from the insights shared by Umar Farooq, the bank\u2019s Global Head of Financial Institution Payments in an interview with Bloomberg at the Singapore FinTech Festival.<\/p>\n<h2>JPMorgan Expects Tenfold Increase in JPM Coin Transactions<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Farooq expressed optimism about the potential for JPM Coin, highlighting the anticipation of a five to tenfold increase in transaction volume. Emphasizing the coin\u2019s impending popularity, he stated, \u201cWe really think it\u2019s going to start taking off.\u201d<\/p>\n<p>As reported earlier, JPM Coin currently handles approximately $1 billion in daily transactions, mainly in US dollars, according to Takis Georgakopoulos, JPMorgan\u2019s Global Head of Payments.<\/p>\n<p>Despite this substantial volume, it represents only a fraction of the colossal $10 trillion in US dollar transactions managed by the banking giant daily.<\/p>\n<p>JPM Coin facilitates secure and efficient dollar and euro-denominated payments for wholesale clients through a private blockchain network. The banking giant is looking to expand the token\u2019s usage.<\/p>\n<p>While proponents of blockchain technology argue for its potential to deliver instantaneous payments at lower costs, the real-world scalability of digital ledgers remains a topic of ongoing exploration.<\/p>\n<p>The bank\u2019s official further revealed that the \u201cnext step in that journey is to think about how you can create a more retail version of that, so that you can bring that same efficiency to consumers.\u201d<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/jpmorgan-expects-jpm-coin-to-hit-10-billion-in-daily-transactions.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: AdobeStock \/ Alexey Novikov JPMorgan Chase &amp; Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the upcoming year. This projection comes from the insights shared by Umar Farooq, the bank\u2019s Global Head of Financial Institution Payments in an interview with Bloomberg at the Singapore FinTech Festival. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":84652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-84651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: AdobeStock \/ Alexey Novikov JPMorgan Chase &amp; Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=84651\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Source: AdobeStock \/ Alexey Novikov JPMorgan Chase &amp; Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=84651\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-15T04:54:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-15T04:54:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1700022414-jpm-coin-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84651#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84651\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions\",\"datePublished\":\"2023-11-15T04:54:32+00:00\",\"dateModified\":\"2023-11-15T04:54:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84651\"},\"wordCount\":276,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=84651#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84651\",\"url\":\"https:\/\/ifintechworld.com\/?p=84651\",\"name\":\"JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-15T04:54:32+00:00\",\"dateModified\":\"2023-11-15T04:54:33+00:00\",\"description\":\"Source: AdobeStock \/ Alexey Novikov JPMorgan Chase &amp; Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84651#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=84651\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84651#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions | iFintechWorld","description":"Source: AdobeStock \/ Alexey Novikov JPMorgan Chase &amp; Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=84651","og_locale":"en_US","og_type":"article","og_title":"JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions | iFintechWorld","og_description":"Source: AdobeStock \/ Alexey Novikov JPMorgan Chase &amp; Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the","og_url":"https:\/\/ifintechworld.com\/?p=84651","og_site_name":"iFintechWorld","article_published_time":"2023-11-15T04:54:32+00:00","article_modified_time":"2023-11-15T04:54:33+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1700022414-jpm-coin-1.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=84651#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=84651"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions","datePublished":"2023-11-15T04:54:32+00:00","dateModified":"2023-11-15T04:54:33+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=84651"},"wordCount":276,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=84651#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=84651","url":"https:\/\/ifintechworld.com\/?p=84651","name":"JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-11-15T04:54:32+00:00","dateModified":"2023-11-15T04:54:33+00:00","description":"Source: AdobeStock \/ Alexey Novikov JPMorgan Chase &amp; Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=84651#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=84651"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=84651#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=84651"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84651\/revisions"}],"predecessor-version":[{"id":84653,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84651\/revisions\/84653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/84652"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}