JPMorgan Partners With Singapore’s DBS to Launch Blockchain-based Payment Pla...
Wall Street has become more accepting of cryptocurrencies and the blockchain in recent months. One of America’s biggest bank, JPMorgan has joined hands with Singapore’s Tamasek Holdings and DBS Group in a move to overhaul the blockchain-based foreign exchange and trade settlement for cross-border payments. JPMorgan has announced the launch of a new company Partior […]
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Prominent enterprise blockchain startup R3 has collaborated with the Monetary Authority of Singapore (MAS) to launch an exclusive blockchain lab in the country. According to a press release, the ‘R3 Asia Lab’ will be the supported by the MAS – Singapore’s central bank and financial regulatory authority, to enable a collaborative effort between competing banks and financial institutions that focuses on blockchain-based solutions. Furthermore, the R3 Asia Lab will also “accommodate visiting specialist DLT (distributed ledger technology) technologists, innovators and business leaders.”....
JPMorgan and DBS’ new blockchain interbank platform is designed to complement central bank digital currency projects. Major American investment bank JPMorgan is working with Singapore’s largest bank, DBS, and state investment firm Temasek to launch a new blockchain company focused on global payments and interbank transactions.Dubbed Partior, the new firm will use blockchain technology and digitize commercial bank money to reduce the existing friction in cross-border payments, trade transactions and foreign exchange settlements. Such functionality would enable instant settlement of payments....
Global investment bank JPMorgan is seeing little demand for crypto as a payment method. However, the bank noted that cryptocurrencies are becoming “larger and larger” in the gaming sector, including in the metaverse. JPMorgan Sees Little Demand for Crypto as a Payment Tool The global head of payments for JPMorgan’s Corporate & Investment Bank division, Takis Georgakopoulos, talked about client demand for crypto as a payment method in an interview with Bloomberg Television this week. He said: We saw a lot of demand for our clients, let’s say up until six months....
The first partnership for Quorum since leaving JPMorgan is a big one.
Microsoft’s blockchain -as-a-service (Baas) endeavor now sees four new partners signing up for the service that will be made available for the software giant’s clients on Azure, its cloud platform. Microsoft has been on a heightened drive lately with signing up new partners for its BaaS offering. In its most recent update, the software giant has revealed new partners including prominent Bitcoin payment processor – BitPay. Marley Gray, director of technology strategy for US Financial Services revealed the latest additions to the ‘Azure Blockchain Ecosystem’ in a blog post. With the....