JPMorgan's JPM Coin payment system handles $1 billion in daily transactions

Quick Take

  • JPMorgan moves $1 billion daily through JPM Coin, said the company’s global head of payments, Takis Georgakopoulos.
  • JPM Coin is a permissioned blockchain-based intra-bank value transfer system.

JPMorgan processes a substantial daily volume through its JPM Coin payment system, revealed Takis Georgakopoulos, the company's global head of payments.

"Today we move $1 billion every day through JPM Coin for a number of large companies," Georgakopoulos