The largest US bank launches its crypto currency

The largest US bank JP Morgan announced the launch of its own crypto currency. The virtual coin will be called JPM Coin. It is worth noting that this is the first financial institution in America, which decided on this step. According to representatives of the institution, this innovation should simplify the payment processes for customers and the bank itself.

Experts believe that as soon as the crypto currency enters the market, it will be in great demand, because this bank serves successful and well-known corporations. Following JP Morgan plans to create its own virtual currency and a Japanese bank, which intends to immediately cooperate with stores and offer discounts to crypto currency users.