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JPMorgan moves JPM Coin from private Kinexys blockchain to Coinbase's public network

JPMorgan Chase has moved its digital deposit token, JPM Coin, from its internal blockchain to Coinbase's public Ethereum-based network Base. The move comes six years after JPMorgan first introduced blockchain-based deposit accounts for institutional clients in 2019, using a permissioned version of Ethereum later branded Kinexys. According to JPMorgan executives, the bank has witnessed ballooning [...]

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