JPMorgan

Wells Fargo & Company, an American financial company, will launch Wells Fargo Digital Cash, a pilot blockchain service for internal payments, based on Corda Enterprise. According to a press release, Wells Fargo Digital Cash will provide almost instant international transfers between company branches using digitized funds (tokens). The company has already tested the concept on transfers from the USA to Canada. The launch of the project is scheduled for 2020 […]

The financial conglomerate Deutsche Bank has joined the Interbank Information Network (IIN) blockchain system, according to the Financial Times. The system developed by the American investment bank JPMorgan is designed for interbank messaging about international payments through the Quorum blockchain. Prior to this, the network was mainly used by small banks and JPMorgan customers. JPMorgan expects Deutsche Bank to be the only major player to join the network. […]

Facebook's Libra digital currency is vulnerable to economic shocks, writes Bloomberg, citing analysts at banking holding JPMorgan. According to them, she will not be able to provide the level of security that existing payment systems offer. First of all, we are talking about a bottleneck problem – when network bandwidth is limited, and the activity of participants does not stop growing. At JPMorgan […]