JPM Coin Will Be Launched In Bahrain

JPM Coin signed by JPMorgan will be launched in Bahrain. With this step, the digital economy transformation in the country will accelerate.

Bahrain is one of the countries that has attracted attention in blockchain and cryptocurrencies recently. Recently, Binance received the first approval to operate in Bahrain. A new news on the subject came from the Central Bank of Bahrain (CBB). CBB has announced that it has completed tests of JPMorgan signed JPM Coin. With the tests completed with Onyx, it seems that a new era will begin in international payments. JPM Coin is of great importance in this sense. CBB is assertive that the bank will now offer a better customer experience with efficient payment solutions. Meanwhile, the test allowed Bank ABC to initiate real-time payments for Aluminum Bahrain (ALBA). Rasheed Al Maraj, Governor of the Central Bank of Bahrain, said: “Through our work with ALBA, Bank ABC and Onyx by JP Morgan, we aim to address and eliminate the inefficiencies and pain points that exist in the traditional cross-border payments space today.” Bahrain is one of the fastest growing economies in the Middle East. GDP in the country has exceeded 35 billion dollars.