Kiffmeister’s #Fintech Daily Digest (10/27/2020)

JPMorgan creates new unit for blockchain projects, says the technology is close to making money

JPMorgan Chase’s JPM Coin digital currency JPM is being used commercially for the first time this week by a large technology client to send payments around the world. That development, along with other behind-the-scene moves, persuaded JPMorgan to create a new business to house its blockchain and digital currency efforts called Onyx