Difference between revisions of "JPMorgan Chase & Co."

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In February 2019 JPMorgan Chase & Co. announced that it had created its own [[cryptocurrency]], [[JPM Coin]], a [[digital token]] created to improve payment settlements between JPMC clients. This product will not likely be available for retail investors, so it cannot be traded like bitcoin, or similar [[digital assets]]. CNBC reported at the time of the announcement that testing for this product would begin "in a few months" from the announcement.<ref>{{cite web|url=https://www.cnbc.com/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html|name=JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business|org=CNBC|date=February 14, 2019}}</ref><ref>{{cite web|name=DealBook Briefing: JPMorgan Has Its Own Cryptocurrency|url=https://www.nytimes.com/2019/02/14/business/dealbook/jpmorgan-cryptocurrency.html|org=The New York Times|date=February 14, 2019}}</ref>
 
In February 2019 JPMorgan Chase & Co. announced that it had created its own [[cryptocurrency]], [[JPM Coin]], a [[digital token]] created to improve payment settlements between JPMC clients. This product will not likely be available for retail investors, so it cannot be traded like bitcoin, or similar [[digital assets]]. CNBC reported at the time of the announcement that testing for this product would begin "in a few months" from the announcement.<ref>{{cite web|url=https://www.cnbc.com/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html|name=JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business|org=CNBC|date=February 14, 2019}}</ref><ref>{{cite web|name=DealBook Briefing: JPMorgan Has Its Own Cryptocurrency|url=https://www.nytimes.com/2019/02/14/business/dealbook/jpmorgan-cryptocurrency.html|org=The New York Times|date=February 14, 2019}}</ref>
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In March 2019, Forbes reported that JPMorgan Chase was the only financial firm listed on the job-hunting site Indeed.com in the top ten companies posting jobs with "blockchain," "cryptocurrency," or "bitcoin" over the past year. According to the Forbes story, the main competing firms were [[IBM]], Cisco, [http://www.marketswiki.com/wiki/Accenture Accenture], EY, [http://www.marketswiki.com/wiki/KPMG_LLP KPMG], Microsoft, [[ConsenSys]], Conduent, and [http://www.marketswiki.com/wiki/Deloitte Deloitte].<ref>{{cite web|url=https://www.forbes.com/sites/michaeldelcastillo/2019/03/28/jpmorgan-is-hiring-more-blockchain-jobs-than-any-other-wall-street-firm/#15f3366668c8|name=JPMorgan Is Hiring For More Blockchain Jobs Than Any Other Wall Street Firm|org=Forbes|date=March 29, 2019}}</ref>
  
 
== Full page on MarketsWiki ==
 
== Full page on MarketsWiki ==

Revision as of 12:06, 29 March 2019

JPMorgan Chase & Co.
Jpmclogo.jpg
Founded 2004 as JPMorgan Chase & Co. (Original 1799, See main page on MarketsWiki)
Headquarters Corp HQ - New York City; Retail financial services - Chicago, IL
Key People James Dimon, Chairman and CEO
Employees 10,000 +
Products Financial services
Twitter @Chase
LinkedIn Profile
Facebook jpmorganchase
Website JPMorgan Chase & Co. Homepage

JPMorgan Chase & Co. is a global financial services firm that focuses on investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.[1] The common stock is also listed on the London and Tokyo stock exchanges.

Cryptocurrency

James Dimon, the chairman and CEO of the company, once famously called bitcoin a "fraud", but that blockchain technology held promise.

In February 2019 JPMorgan Chase & Co. announced that it had created its own cryptocurrency, JPM Coin, a digital token created to improve payment settlements between JPMC clients. This product will not likely be available for retail investors, so it cannot be traded like bitcoin, or similar digital assets. CNBC reported at the time of the announcement that testing for this product would begin "in a few months" from the announcement.[2][3]

In March 2019, Forbes reported that JPMorgan Chase was the only financial firm listed on the job-hunting site Indeed.com in the top ten companies posting jobs with "blockchain," "cryptocurrency," or "bitcoin" over the past year. According to the Forbes story, the main competing firms were IBM, Cisco, Accenture, EY, KPMG, Microsoft, ConsenSys, Conduent, and Deloitte.[4]

Full page on MarketsWiki

To read the full article on JPMorgan Chase & Co., click on Marketswiki.gif to open a new tab with MarketsWiki.

References