Close Menu
    Facebook X (Twitter) Instagram
    ESP Blockchain Journal
    • Noticias
      • Noticias Blockchain
      • Noticias Bitcoin
      • Noticias Ethereum
      • Noticias Ripple
      • NFT
      • Metaverso
      • DeFi
      • Noticias Tron
      • Noticias Litecoin
      • Noticias Monero
      • Noticias Cardano
      • Noticias Stellar
      • Noticias Algorand
      • Noticias Dogecoin
      • Noticias Polkadot
      • Noticias Kusama
      • Noticias Solana
      • Opinión
    • Análisis de Precios
    • Academia Cripto
    • Contacto
    • bandera
    ESP Blockchain Journal
    Home»Noticias»JPMorgan will expand the capabilities of its own interbank information blockchain system

    JPMorgan will expand the capabilities of its own interbank information blockchain system

    0
    By BlockchainJournal on abril 22, 2019 Noticias
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The head of the clearing division of JPMorgan & Chase financial holding, John Hunter, said that the functionality of the Interbank Information Network (IIN) system for cross-border payments based on the Quorum blockchain will be significantly expanded, the Financial Times reports.

    Thus, the launch of a pilot project in partnership with the Australian ANZ and Royal Bank of Canada took place in the autumn of 2017. At that time, the developers focused on the IIN applications in the area of legal compliance in cross-border transfers, but now they intend to use the potential of the technology directly in the calculation procedure.

    In particular, participating banks will be able to track the payment path in real time. It is expected that the new functionality will be available in the third quarter of this year.

    It is worth adding that IIN is already used by more than 220 banks, and 75 institutions, including Societe Generale and Santander, took part in the testing.

    Earlier, JPMorgan presented JPM Coin's own stablebcoin for use in international corporate payments, transfer of securities and for replacing dollars that are in the bank’s vault.

    It should be noted that many analysts believe that the financial holding intends to compete with the California fintech startup Ripple, which is the developer of several products for cross-border payments.

    Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.

    << aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

    BlockchainJournal.news

    BlockchainJournal.news

    blockchain California Featured Network Ripple
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    Hyperliquid pide propuestas para lanzar USDH en medio de objeciones por equidad en la gobernanza

    septiembre 5, 2025

    SharpLink explorará el staking de parte de su tesorería en Ethereum en la red Linea

    septiembre 5, 2025

    Strategy Inc. enfrenta obstáculos para entrar al S&P 500 por su volatilidad y dependencia de Bitcoin

    septiembre 5, 2025

    World Liberty Financial bloquea la wallet de Justin Sun en medio de la polémica por WLFI

    septiembre 4, 2025

    SEC apuesta por una agenda pro-cripto con una serie de rulemakings sobre activos digitales

    septiembre 4, 2025

    Fireblocks impulsa pagos en stablecoins con una red propia para instituciones

    septiembre 4, 2025
    Buscar
    Facebook X (Twitter) Instagram Pinterest
    © 2025 Blockchainjournal

    Type above and press Enter to search. Press Esc to cancel.

    Utilizamos cookies para asegurar que damos la mejor experiencia al usuario en nuestra web. Si sigues utilizando este sitio asumiremos que estás de acuerdo.