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JPMorgan’s blockchain boss eyes JPM Coin’s expansion to sterling

JPMorgan is looking at using its blockchain-backed JPM Coin for payments in sterling

By Bilal Jafar
‘We are definitely looking at GBP,’ JPMorgan’s blockchain boss Umar Farooq said
‘We are definitely looking at GBP,’ JPMorgan’s blockchain boss Umar Farooq said Photo: Gabby Jones/Getty Images

JPMorgan is looking at expanding its blockchain-backed JPM Coin to process payments in sterling.

“Our plan regarding JPM Coin is to expand across currencies, and GBP is by definition one of the major currencies. We are definitely looking at GBP,” Umar Farooq, chief executive of JPMorgan’s blockchain arm Onyx, told Financial News.

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