As one of the world's largest investment banks, JPMorgan has decided to include the euro in its blockchain-based payment system. The bank will offer its corporate customers the opportunity to perform instant euro transactions.

According to the information given by Başak Toprak, JPMorgan's Coin Systems manager in the Europe, Middle East and Africa regions, to the US media Bloomberg, the first euro transaction by the bank was made with the German technology company Siemens.
JPM Coin is a payment system launched in 2019 and has exceeded $300 billion in transaction volume to date. But that figure is only a small fraction of the $10 trillion in payments that JPMorgan processes daily.
JPM Coin stands out as a permissioned blockchain-based payment system, and the bank serves wholesale customers, usually large multinationals, who transfer funds to JPMorgan accounts.
Thanks to the blockchain technology, payments can also be made outside of banking hours, and thus, desired transactions can be completed before their due date.
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