JPMorgan’s JPM Coin Expands with Base: Revolutionizing Institutional Payments

JPMorgan Chase & Co. has made a significant move in the world of institutional payments by integrating its JPM Coin into Base, a Layer-1 blockchain designed for scalability and speed. This integration promises to revolutionize how institutions handle money transfers, blurring the lines between traditional finance and cutting-edge blockchain technology. The expanded functionality empowers institutions with near real-time payment processing capabilities, reducing transaction times from days to mere seconds while maintaining rigorous regulatory compliance.