Sunday, October 1, 2023
  • Login
  • Register
btclive365.com
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
btclive365.com
No Result
View All Result
Home Blockchain

JP Morgan Makes Historical Move with New Crypto Wallet – Blockchain News, Opinion, TV and Jobs

btclive365 by btclive365
November 25, 2022
in Blockchain
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). 

Bitcoin and crypto markets bounced back for a while on wednesday following the continuation of a relief rally in the S&P 500. As investors lose trust in exchanges and trading platforms which are not transparent, 137,000 Bitcoins have been removed from exchanges in the past 30 days.

Retail investors are accumulating at a rapid pace, as the Bitcoin supply held by on-chain entities between the size of 0.1-1 BTC is spiking.

Whilst the stability of the crypto ecosystem remains in question, JP Morgan continues to make moves toward integrating crypto products. JP Morgan has registered a JP Morgan Wallet with the United States Patent and Trademark Office (USPTO) to use in a wide range of financial services, including cryptocurrency transfers and crypto payment services.

The terms used to describe the services that are enabled with this registration are “electronic transfer of virtual currencies,” “financial exchange of virtual currencies,” and “cryptocurrency payment processing,” shown by the USPTO website.

JP Morgan described the wallet as:

“Real-time virtual sub-ledgers that help manage and scale any number of customer, supplier and vendor payments in an organized, easy-to-reconcile way.”

JP Morgan intends to “help simplify domestic and cross-border receivables and disbursements” with the implementation of this wallet, and also develop “sophisticated payments solutions like connected mobility solutions and blockchain platforms that can help you say more to the world.”

Furthermore, Singapore’s largest bank, DBS, completed an intraday repo trade on JP Morgan’s Onyx (JP Morgan’s own blockchain ecosystem). Usually, repo trades take two days to settle, however by using blockchain technology these transactions can settle in just a few hours.

This proves the potential for blockchain technology to disrupt the $4 trillion repo market and revolutionise the financial services industry.



Source link

Previous Post

RBT Review: Beginner-Friendly Modern Trading

Next Post

XRP Climbs to 3-Week High, DOGE Nearly 10% Higher – Market Updates Bitcoin News

btclive365

btclive365

Next Post

XRP Climbs to 3-Week High, DOGE Nearly 10% Higher – Market Updates Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

Amazon Announces Another Mass Layoff Affecting 9,000 Personnel

March 21, 2023

what does forex market open times?

April 14, 2023

How to sell Bitcoin – Bitcoin Magazine

November 9, 2022

Add a Tangible Asset to Your Portfolio: Buy Gold

January 7, 2023

Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves

1

Building Homesteader Lifestyle With Bitcoin – Bitcoin Magazine

1

Arbitrum dealings activity rockets 550% since August: Delphi Digital

0

Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX – Press release Bitcoin News

0

1inch Network Price Prediction 2023, 2024, 2025, 2026

October 1, 2023

SEC initiates legal action against FTX’s auditor

October 1, 2023

Is This Where the Next Crypto Goldmine Lies?

October 1, 2023

XRP Army’s Positive Outlook: Insights on Staying Bullish Beyond Ripple’s Crossovers

October 1, 2023

Recent News

1inch Network Price Prediction 2023, 2024, 2025, 2026

October 1, 2023

SEC initiates legal action against FTX’s auditor

October 1, 2023

Is This Where the Next Crypto Goldmine Lies?

October 1, 2023

XRP Army’s Positive Outlook: Insights on Staying Bullish Beyond Ripple’s Crossovers

October 1, 2023

We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, NFTs, and Altcoin trends and happenings

Follow Us

Browse by Category

  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Cryptocurrency News Today
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

Recent News

1inch Network Price Prediction 2023, 2024, 2025, 2026

October 1, 2023

SEC initiates legal action against FTX’s auditor

October 1, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 btclive365 All Right Rivered .

No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

© 2022 btclive365 All Right Rivered .

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In