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SWIFT action: JPMorgan and Visa team on cross-border blockchain payments

Published 10/12/2022, 01:41 AM
Updated 10/12/2022, 03:20 AM
SWIFT action: JPMorgan and Visa team on cross-border blockchain payments
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Traditional finance and payment giants JPMorgan (NYSE:JPM) and Visa (NYSE:V) are teaming up to streamline the use of their private blockchain solutions Liink and B2B Connect to facilitate cross-border payments.

According to an Oct. 11 report from Forbes, JPMorgan’s Liink is a network specifically designed for cross-border transfers and is offered under the bank’s blockchain and payments initiative Onyx. Onyx provides a platform for institutions to share financial information and validate transactions.

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