Argentine banks, including Banco CMF, are testing JPMorgan's JPM Coin for back-end settlement processes. This pilot, part of JPMorgan's minimum viable product, aims to explore blockchain's potential to enhance transaction speed and efficiency without moving real funds. Traditional systems continue to settle transactions, while blockchain records and reconciles operations. The initiative comes amid Argentina's central bank's ongoing review of its ban on crypto services, although internal blockchain use remains permitted. Banco CMF's involvement signals a cautious transition towards modernizing financial infrastructure, with other banks like Banco Galicia, BIND, and Banco Comafi considering participation. This pilot could pave the way for a broader adoption of blockchain in Argentina's banking sector, enhancing institutional payment workflows.