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JP Morgan, one of the biggest banks to adopt crypto has added programmable payments to its JPM coin. In other news, a false BlackRock ETF for XRP has caused huge price swings. Meanwhile, massive partnerships have been proposed for Cardano and Everlodge.

JP Morgan Has Added Programmable Payments for Its JPM Coin

American multinational investment JP Morgan has integrated programmable payments for its blockchain-based settlement token, JPM Coin. Previously, clients needed to set standing orders for using the network payments to take place at a particular time.

The latest integration means clients can now program their accounts to make JPM Coin payments automatically. The JPM Coin was introduced in 2019 and now records over $1 billion in daily transactions as it enables institutional clients to use blockchains for wholesale payments.

Fake Report Says BlackRock Has Filed XRP ETF, Causing Huge Price Swing

The price of XRP coin saw a huge price swing, jumping by more than 15% in the daily timeframe. The price jump happened after there was a report that BlackRock had filed an ETF for XRP. However, the ETF filing turned out to be false.

According to a report, an individual reportedly an elaborate form using the alias of a BlackRock executive. The form was then effectively replicated as an actual online filing.

However, the XRP price quickly tumbled back to the previous after it was revealed that the filing was false. The ruling in the Ripple lawsuit has remained a bone of contention over XRP’s classification as a commodity.

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Author: Crypto Daily

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