JPMorgan Plots Blockchain Payments to Fight Transferwise, Ripple Threat37.2

By CCN.com: Wall Street firm JPMorgan has a plan to save the banking industry’s lucrative cross-border payments business from alternatives such as Bitcoin and fintechs such as Ripple and TransferWise – expand the use cases for its permissioned blockchain network, the Interbank Information Network (IIN) to include settling payments. According to the Financial Times, plans are underway to add a payments settlement feature to the IIN. The feature will allow payments being made to be verified in real time as they are being routed to a valid account. This will eliminate delays or cancellation of transactions which is usually caused

The post JPMorgan Plots Blockchain Payments to Fight Transferwise, Ripple Threat appeared first on CCN

Original source
https://www.ccn.com/jpmorgan-blockchain-payments-settlement-fintech-ripple

Add comment

Please Sign in to be able to leave comments.