JPMorgan Chase will start testing its cryptocurrency by the end of 2019

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JPMorgan Chase, one of the largest US financial holdings, will conduct closed testing of JPM Coin in conjunction with corporate clients. Umar Farouk, head of the bank’s digital treasury and blockchain department, said that tests of the digital currency should begin before the end of the year. JPMorgan expects stablecoin to help accelerate corporate payments, […]

Deutsche Bank Joins JPMorgan Cryptocurrency Payment Network

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Deutsche Bank joins the Interbank Information Network (IIN) launched by JPMorgan Chase. IIN operates on the Quorum blockchain, which was developed in 2017 based on the Ethereum platform. The project uses JPM Coin stablecoin to process dollar payments of client banks, helping to reduce the time and costs of interbank transactions. Although testing of the system […]

Deutsche Bank predicts cryptocurrencies will replace fiat by 2030

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According to research by Deutsche Bank, the demand for digital currencies will grow steadily over the next decade, and as a result, they will completely replace cash.. IN report Bank strategist Jim Reed describes the serious problems facing the current currency system, which became more evident with the advent of bitcoin. In his opinion, the increased […]

More than 50 banks tested R3’s Voltron trade finance app

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More than 50 banks from 27 countries took part in the trial of the new Voltron trade finance application developed by the R3 consortium on the Corda blockchain. The eight founding banks have initiated an industry platform to improve the trade finance process to facilitate letter of credit transactions. By reducing the settlement period, eliminating […]