FINANCE

J.P. Morgan's virtual payment wallet, "J.P. Morgan Wallet," has been trademarked, boasting efficient cross-border cash flow management.

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J.P. Morgan

Media outlet Blockwork revealed that JPMorgan Chase's trademark registration documents indicate, "JPMorgan Chase's cryptocurrency wallet trademark has been officially registered in the United States!" However, in reality, cryptocurrency is just one aspect of it; it also includes virtual currency payments, aiming to provide customers with an all-in-one cross-border banking account.

J.P. Morgan Wallet: Touting "Real-time Virtual Sub-ledgers"

"Real-time Virtual Sub-ledgers" sounds mysterious, but its touted functionality may resemble that of encrypted wallets based on distributed ledger technology.

"Easily integrate payments from multiple currencies and regions" enables payments around the clock in over 170 countries and regions, with over 120 currencies. It even has a reward mechanism: "The payee can use rewards to buy things for you or deposit them into a bank account."

Not Emphasizing Decentralization, but Centralized Payment Management

J.P. Morgan Wallet does not emphasize "decentralization" like the cryptocurrency community does; instead, it explains to merchants that this solution will help them manage cash globally. Managing funds is more efficient under the same cross-border payment ledger.See more details here