JPMorgan Set to Launch Instant Settlement for Euro-Dollar Conversions

Quick Summary:

The bank’s token, JPM Coin, which already processes $2 billion in transactions every day, will be used for the settlement processes.

JPMorgan Leveraging Blockchain for Cross-Border Settlement JPMorgan, the largest bank in the U.S.has set out plans to provide quick settlement for currency exchanges between the dollar and the euro.

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Article Details

Author / Journalist: Emmanuel Musa

Category: Crypto

Markets: Japan

Topics: Blockchain Finance Jpmorgan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 19:40:21 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 23464889

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 13 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #62

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