J.P. Morgan will also test using this cryptocurrency as a means to revolutionize international payments, and engineers have claimed that early tests have shown significant promise. When this product is released, it will mark the first time that the banking industry has tested real-world applications of the blockchain and cryptocurrency.
Although only a small amount of payments will be used with this currency, it represents a massive shift in the bank’s perception towards cryptocurrencies. This trial is the first time in which a significant bank latched on to the idea and pursued a digital token.
Despite not releasing the product to the general public, investors should be excited about the promise that this trial holds. If J.P. Morgan believes that cryptocurrency holds promise, many other companies will soon approve.
With J.P. Morgan becoming the first bank to jump on the cryptocurrency bandwagon, consumers may have wider access to these digital tokens
