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TechFlow, June 18 — According to Bloomberg, JPMorgan announced it will launch a token called JPMD, representing the bank's U.S. dollar deposits. Naveen Mallela, global co-head of Kinexys, JPMorgan’s blockchain division, said the bank plans to conduct its first test transaction in the coming days, transferring a fixed amount of JPMD from JPMorgan’s digital wallet to Coinbase, the largest cryptocurrency exchange in the United States.
According to Bloomberg, JPMorgan announced it will launch a token called JPMD, representing the bank's U.S. dollar deposits. Naveen Mallela, global co-head of Kinexys, JPMorgan's blockchain division, said the bank plans to conduct its first test transaction in the coming days, transferring a fixed amount of JPMD from JPMorgan's digital wallet to Coinbase, the largest cryptocurrency exchange in the United States.
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