JPMorgan to enable USD-EUR FX settlements on blockchain

In a significant development for the financial industry, JPMorgan Chase & Co. has announced plans to enable foreign exchange (FX) settlements between the dollar and euro on its blockchain platform, Kinexys. Originally launched in 2020, Kinexys will integrate JPM Coin — the bank’s proprietary digital currency — to process FX transactions, potentially introducing new efficiencies

Source: Invezz