The digital currency of an American bank has its first user – an unnamed large technology company. She will conduct the first transactions with JPM Coin this week.
By the end of the week, JPM Coin, issued by JPMorgan Chase, will be used commercially for the first time.
The head of the company’s payment division, Takis Georgeakopoulos, said that the first user of the new currency was a large technology company, the name of which was not specified, CNBC reports .
JPMorgan also announced the creation of a new Onyx division for digital currencies and blockchain.
Onyx has over 100 employees and the division, according to Georgeakopoulos, was created in connection with the transition from design work to real business.
JPMorgan is considering creating dedicated payment channels for central banks interested in issuing their own digital currencies.
