J.P. Morgan announces JPM Coin, the first US bank-backed digital currency
On 2/14/2019, J.P. Morgan announced its JPM Coin, the first US bank-backed digital currency. Some speculate that large corporations that use J.P Morgan’s treasury services, such as Honeywell and Facebook, will use it to replace funds in various subsidiaries around the globe. Recent patent activity indicates Honeywell is currently implementing blockchain technology to secure data and communications of various information.
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