Why payment Is Trending Today?

JPMorgan, a leading financial services firm, has made significant moves in the crypto and blockchain space. The company launched JPM Coin, a blockchain-based digital currency, on Coinbase's Base network, merging traditional banking with Web3. This move, valued at over $17 million, is considered one of the biggest traditional finance (TradFi) moves into the layer-2 ecosystem. JPMorgan also expanded its crypto footprint by launching JPM Coin on Coinbase's Base network, enabling instant payments. Additionally, JPMorgan analysts have expressed bullish sentiments towards Circle, a stablecoin issuer, citing faster stablecoin growth and the increasing mainstream acceptance of stablecoins. The firm has also raised its target price for Circle's stock and maintained its 'Overweight' rating for companies like Siemens and Deutsche Telekom. Meanwhile, JPMorgan has lowered its price target for Delivery Hero to 31 euros, maintaining an 'Overweight' rating. In the cryptocurrency market, JPMorgan sees limited downside for Bitcoin, with support at $94,000 and upside potential towards $170,000. The firm also expects COIN, the stock of Coinbase, to rally to $373 due to the company's move to Texas and a deal with JPMorgan. However, JPMorgan has kept its 'Neutral' rating for FedEx, with a price target of $274.