Wall Street banking giant JPMorgan Chase is launching a new interbank payments platform powered by blockchain, the firm announced today.
With the participation of two other banks – Australia-based ANZ and the Royal Bank of Canada (Australia) – the Interbank Information Network (IIN) will be built on Quorum, the ethereum-based blockchain network first unveiled last fall. Additional institutions are expected to join the initiative in the coming months, with a specific focus on the correspondent banking market.
Topic: JPMorgan Launches Interbank Payments Platform on Quorum Blockchain (Read 189 times)
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