The newly created cryptocurrency “JPM Coin” by JPMorgan (JPM) is gaining momentum in the blockchain arms race amongst the giant United States (U.S.) Federal Reserve (Fed), at a higher rate. It’s the first bank to develop its own digital coin. The coin is pegged to the U.S. dollar.

Recently, JPMorgan announced that it had created JPM Coin, a digital currency that allows users to transfer funds promptly, and also push its weighty global transactions as part of its major wholesale payments commerce.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/cryptocurrency-blockchain-arms/