What is a programmable payment?

Programmable payments facilitate an automated process, that can respond to real-time events. Following pre-programmed rules, payments are initiated any time conditions are met, removing the need for human intervention to discover, calculate and confirm the required conditions needed before a payment can be executed.

What is JPMorgan programmable payments?

JPMorgan on Friday launched programmable payments through Onyx, the bank's digital asset and blockchain unit. The feature is designed for blockchain-based accounts on the JPM Coin digital currency system. Programmable payments provide automation based on certain conditions being met, using smart contracts and distributed ledgers.

Are programmable payments reshaping digital money?

Programmable payments, programmable money and purpose-bound money are reshaping digital money, offering greater flexibility, automation and control in financial transactions.