JPMorgan Chase & Co. is exploring a blockchain-based digital deposit token so that it can hasten cross-border payments, a move that pushes the institutional adoption of blockchain technology.
According to a person familiar with the work who asked not to be identified, America’s largest bank by assets has already developed the majority of the underlying infrastructure for the new payment vehicle to work. It is just waiting on final approval from U.S. regulators before actually creating the token. But the source said that once JPMorgan gets the approval, it will likely launch the product for use by corporate clients within […]
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