JPMorgan rolls out programmable payments for institutional blockchain platform JPM Coin
JPMorgan’s blockchain platform JPM Coin has introduced programmable payment functionality for its institutional users. Multinational banking firm JPMorgan has rolled out a program mable payment feature for institutional users of its private blockchain platform JPM Coin. Naveen Mallela, who heads up JP Morgan’s bank-led blockchain platform Onyx, shared details of the new functionality on LinkedIn via an initial report from Bloomberg. According to Mallela, the programmable payments feature is now available to all its institutional clients. The capability is said to enable real-time, program mable treasury functionality and new digital business models. Mallela hailed the launch as a significant milestone in the evolution of JPM Coin and described the newly introduced program mability as the ‘holy grail’ for its blockchain platform . The Onyx team shared further details of the programmable payments feature in correspondence with Cointelegraph. Onyx and JPM Coin note that this featur...