For decades, wholesale dollar settlement required waiting for Fedwire to open, and JPMorgan simply stopped waiting. The bank converted its permissioned system “JPM Coin” to JPMD, a deposit token backed by insured balances at JPMorgan, and placed it on Coinbase’s Ethereum layer-2 (L2). Pilot transactions with B2C2, Coinbase and Mastercard are already live. The timing … Continue reading JPMorgan has just placed JPM Coin’s bank deposits on the basis