JP Morgan, a major bank that has embraced cryptocurrency, has included programmable payments for its JPM Coin. On the other hand, a false BlackRock ETF for XRP caused significant price fluctuations. Additionally, there have been proposals for substantial partnerships for Cardano and Everlodge.
JP Morgan Integrates Programmable Payments for JPM Coin
JP Morgan, an American multinational investment company, has recently integrated programmable payments for its blockchain-based settlement token, JPM Coin. This update allows clients to automatically program their accounts to make JPM Coin payments, eliminating the need to set standing orders for network payments to occur at specific times. The JPM Coin, introduced in 2019, now processes over $1 billion in daily transactions and enables institutional clients to utilize blockchains for wholesale payments.
False Report Sparks XRP Price Swing
The price of XRP coin experienced a significant swing, surging by more than 15% after a report falsely claimed that BlackRock had filed an ETF for XRP. However, it was later revealed that the filing was fraudulent. The ongoing Ripple lawsuit has sparked debate regarding XRP’s classification as a commodity.
Charles Hoskinson Teases Potential Partnership
Cardano’s TVL has seen remarkable growth recently, surpassing $250 million. Charles Hoskinson, the CEO of the project, hinted at a potential partnership to further expand the network’s growth. He expressed readiness to assist Kraken in introducing a layer-2 blockchain network. If successful, this partnership could provide momentum for the Cardano coin to rally and overcome the $0.400 resistance.
Everlodge Hints At Partnerships With Real Estate Developers
Everlodge aims to use blockchain technology to ensure secure real estate investments and has created a property marketplace where investors can buy and sell various properties using blockchain technology. By partnering with top real estate developers and eliminating intermediaries, Everlodge intends to reduce property costs and facilitate fast and efficient transactions using the ELDG token.
Hot Take: Exciting Developments in Crypto World
Cryptocurrency continues to see exciting developments with JP Morgan’s integration of programmable payments for JPM Coin and false reports affecting XRP’s price swings. Additionally, potential partnerships with top companies like Cardano and Everlodge signal promising future growth in the crypto world.
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