Decrypt AI, Edited by Stephen Graves

JPMorgan Adds Programmable Payments ‘Holy Grail’ to JPM Coin

Banking giant JPMorgan has added a programmable payments feature to its blockchain-powered payment system, JPM Coin. The new feature enables companies to automate the transfer of funds based on preprogrammed conditions, enabling them to seamlessly move funds to cover financial obligations such as overdue payments and margin calls. “When we talk about digital currencies and tokenized deposits, the holy grail has always been the ability to program payments,” Naveen Mallela, the head of Coin System...