Banks are exploring new ways to move money using blockchain technology. In October, JPMorgan deployed JPM Coin on the Ethereum mainnet for approved institutions, while HSBC launched its HKD stablecoin, RedCoin, on PayMe. These developments offer useful insights for banks considering a bank deposit token platform and the technology needed to support real-world banking operations.
What’s Happening in Banking? The JPM Coin and HSBC RedCoin News