JPMorgan adds ‘holy grail’ payments feature as part of blockchain push

JPMorgan is giving institutional clients more control over payments via JPM Coin — marking the company’s latest blockchain-related milestone. 

Its new programmable payments offering is a feature for blockchain-based accounts on the JPM Coin System, a permissioned payment rail and deposit account ledger letting clients transfer dollars within the system. 

Programmability lets clients place rules for funding a bank account, for example — or set parameters for executing payments based on margin calls, asset delivery or meeting contract requirements.

“Blockchain technology is the ideal infrastructure to which programmable payments can be applied as it enables rules and bank…

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