Jamie Dimon says JP Morgan's cryptocurrency could one day be used by the consumer

Jamie Dimon hinted at J.P. Morgan Chase's investor day that the bank's new cryptocurrency could one day be put to consumer use.

"JPM Coin could be internal....it could one day be consumer," said Dimon.

Earlier in February, J.P. Morgan became the first major U.S. bank to create its own cryptocurrency with the launch of "JPM Coin." The digital token will be used to settle transactions between clients of its wholesale payments business.

The bank's cryptocurrency is being tested during a trial within the bank and its partners, at first.

This is a developing story. Check back for updates.

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