The world's largest bank, JPMorgan, has launched British pound transfers on Blockchain.
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Introduction
The use of blockchain technologies in the global banking sector is increasing day by day. While many projects are being prepared in this regard, the US bank JPMorgan has launched payments in British pounds on the Blockchain network. It is thought that money transfers via Blockchain will increase with this move from the world's largest bank.
Sterling is Now on the Blockchain Network
JPMorgan announced that it offers companies the opportunity to make blockchain-based payments in British pounds (GBP) 24/7. This new service is offered in addition to the previously launched euro (EUR) and US dollar (USD) transactions. In this way, the bank has expanded its real-time payment infrastructure and payment network. In addition, the bank's blockchain unit has launched blockchain deposit accounts in GBP in the UK.
Conclusion
The bank has added Blockchain technology to its existing services, allowing its customers to seamlessly transfer money across borders, including 24/7 foreign exchange transactions. With this service, JPMorgan's corporate customers can now instantly transfer money between GBP, EUR and USD, regardless of whether the markets are open or not. We believe that banks will increase their Blockchain investments over time.
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