J.P.
Morgan, one of the largest banks in the United States, has been building up its blockchain and cryptocurrency divisions in recent years. The bank has been involved in several cryptocurrency projects, including Ethereum.
In 2017, J.
Morgan launched its own blockchain platform, Quorum. Quorum is an enterprise-focused version of Ethereum, and the bank has used it to launch a number of applications, including a blockchain-based payments platform.
NOTE: WARNING: It is important to be aware that J.P. Morgan does not own Ethereum, nor does it have any involvement in the cryptocurrency market. Investing in Ethereum carries a high level of risk and should only be done by experienced investors who understand the risks associated with cryptocurrency investment. Any investment decision should be made by the investor with careful consideration of their financial situation and goals.
Morgan is also a member of the Enterprise Ethereum Alliance (EEA), which is working to build enterprise-grade applications on top of Ethereum. In 2018, the bank announced that it was working on its own Ethereum-based blockchain platform, called Quorum Business Network.
So does J.
Morgan own Ethereum? While the bank has certainly been involved in various Ethereum-related projects, it does not appear to have a direct ownership stake in the Ethereum network or protocol.
8 Related Question Answers Found
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