• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Instant Transactions by JPMorgan: A New Solution for Currency Market

user avatar

by Giorgi Kostiuk

2 years ago

JPMorgan Chase & Co. plans to introduce a new solution for instant settlements between the US dollar and euro, leveraging the Kinexys platform.

New Instant Settlement Feature

JPMorgan is launching an innovative service enabling instant settlements between the US dollar and euro. This feature is expected to be expanded to include the British pound soon.

The Role of Kinexys Platform

The Kinexys platform, formerly known as Onyx, enhances transaction speed and efficiency. It currently processes over $2 billion in daily transactions and uses JPM Coin to facilitate secure and rapid deals.

This initiative aims to drastically reduce the time required for dollar-euro exchanges, which traditionally can take up to two days.Naveen Mallela

JPMorgan's Prospects and Plans

Once all necessary approvals are obtained, sterling transactions will be integrated into the Kinexys platform, aligning with JPMorgan's strategy to improve operational efficiency and reduce costs through blockchain technology.

The improvements introduced through the Kinexys platform are aimed at enhancing client experiences and setting new standards in trading and settlement processes in the currency markets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Aave Proposes Crosschain Expansion for sGHO

chest

Aave governance is reviewing a proposal to extend sGHO to crosschain capabilities using Chainlink CCIP.

user avatarJacob Williams

Solana Transforms into a Leading Trading Venue

chest

Solana has transformed from a competitor to Ethereum into a leading venue for fast and low-cost trading.

user avatarSon Min-ho

Ripple Recognized in CNBC and Statista's Top Fintech Companies List for Fourth Year

chest

Ripple has been included in CNBC and Statista's list of the world's top fintech companies for the fourth consecutive year, highlighting its role in digital asset infrastructure.

user avatarZainab Kamara

Solana's DEX Volume Hits $17 Billion, Signaling Increased Trading Activity

chest

Solana's DEX volume has surged to approximately $17 billion daily, indicating its growing role in crypto trading.

user avatarAyman Ben Youssef

Franklin Templeton's Asset Shift to BNB Chain Signals New Era in RWA Settlement

chest

Franklin Templeton's Benji platform has shifted its focus to BNB Chain, highlighting the importance of low-cost, high-throughput networks in real-world asset settlement.

user avatarKofi Adjeman

BNB Chain Surpasses Competitors as Largest Host for Franklin Templeton's Benji Assets

chest

BNB Chain has become the largest blockchain host for Franklin Templeton's Benji platform assets, holding approximately $15 billion of tokenized money market fund assets.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.