CandleFocus JPMorgan to launch dollar-euro FX settlements via Kinexys blockchain
2024-11-06
Author: Content Editor
JPMorgan Chase is expanding its blockchain platform, Kinexys, to include instant foreign exchange settlements for dollar-euro transactions. The system, powered by JPM Coin, the bank's digital token, aims to generate a new revenue stream from FX spreads. The move comes as JPMorgan continues its push into the blockchain space, although a survey by the bank revealed that institutional traders remain cautious about the technology.
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