JPMorgan Migrates JPM Coin to Coinbase's Base, Accelerating Public Blockchain Payments

JPMorgan is transferring its JPM Coin tokens from a private blockchain to Coinbase's public Base network.

“Coinbase’s Base to focus on tokenized markets, stablecoins, developers this year The move comes as the chain distances itself from Optimism technology and toward in-house infrastructure as it seeks greater independence and scale”

@coindesk

Stablecoins are currently the only payment option available on public blockchains.

@coindesk

Base offers much lower transaction fees than Ethereum while benefiting from its recognized security.

Mastercard and Coinbase have successfully tested JPM Coin on Base.

JPM Coin can be used as collateral or for margin payments.

CoinDesk

A public network is becoming more suitable than a private infrastructure for a bank that processes $10 trillion daily.

Base is shifting away from Optimism's tech stack toward in-house infrastructure.

“Portada»Noticias»Noticias Tec Seis años después de lanzar su propia blockchain privada, JPMorgan Chase cambia radicalmente de estrategia”

Cointribune

Base plans to focus on expanding tokenized asset markets, scaling stablecoin payments and growing its developer ecosystem.

Base is already one of the most widely used layer-2 networks in the Ethereum ecosystem.