Argentina is slowly paving the way to allow banking institutions to leverage and offer crypto services to their customers.

According to local media, a group of private banks would be involved in limited trials using JPM Coin, a deposit token issued by JPMorgan, to improve interbank settlement processes between participating institutions.

Maximiliano Cohn, CIO of CMF, one of the banks participating in these tests to be part of the minimum viable product (MVP) of JPM Coin in Argentina, told Iproup that these operations are being executed without money and using traditional settlement methods first, but applying onchain technology for their registry.

Cohn also explained that during the first phase of this pilot, banks are working to…