JPMorgan Chase announced the launch of a blockchain solution to optimize remittance refunds.
On April 12, JPMorgan Chase announced that it has recently launched its blockchain technology to help global banks optimize remittance business, including cross-border remittances sent from banks in Taiwan to Indonesia and other regions.
JPMorgan Chase has developed the account verification platform "Confirm" and the global settlement service "PayDirect", with the aim of effectively reducing remittance refunds and operating costs. At present, JPMorgan Chase has conducted tests with 12 banks in Taiwan, and remitted money to Indonesia through "PayDirect". Shin Kong Bank and CITIC Commercial Bank, etc.
Jinse Finance Market Report 丨 BTC price is rising, and there is a need for a partial callback: According to the Huobi market, the price of BTC rose last night, reaching a maximum of 9470 USDT and then pulled back. The daily chart breaks through the moving average MA30 to form an upward channel, and the 4-hour moving average MA30 forms a support. In the 1-hour chart, some double-top prototypes are formed, and some still need to be called back. As of 10:00, the specific performance of mainstream currencies is as follows: [2020/7/9]
JPMorgan Chase said that its global account verification platform "Confirm" is built under the blockchain network "Liink by JPMorgan". All banks (including banks in Taiwan) participating in the "Confirm" account verification platform around the world can directly submit Other beneficiary banks that use the platform request verification of the beneficiary's account and receive a response from the counterparty's bank in a near-instantaneous manner.
Golden Salon | Co-Founder of EXUP: 2020 will be a year of blowout for the derivatives trading system market: In the round table discussion of the Golden Salon held today, it is aimed at "more and more derivatives exchanges are appearing, what are the main reasons" Duan Hailong, co-founder of EXUP, said that now more and more exchanges are beginning to realize the market’s investment demand for cryptocurrency derivatives. In reality, we can indeed see that more and more exchanges have laid out contracts. Trading, from only OK delivery contracts and Bitmex perpetual contracts in 2014, to now there are hundreds of exchanges on the market that have arranged contract transactions in various ways. In fact, it can be seen from these phenomena that 2020 will be a year of blowout for the derivatives trading system market. For traders, more product choices are sure to attract traders with different preferences. As the number of users participating in the market continues to grow, different preferences will choose suitable products in the market, so the more abundant the products, the more professional and safe they are The exchange will definitely attract more users in the future and occupy most of the market. It is very likely that this derivatives battle will allow more exchanges to achieve cornering overtaking. [2020/2/26]
This account verification channel allows banks to use JPMorgan Chase's global clearing service "PayDirect" to conduct cross-border remittances in the most efficient way, which not only improves the bank's success rate in processing remittances, but also improves the transparency of business processes.
Analysis | Golden disk: Li Qiwei is bearish on the trend of Litecoin: Comprehensive analysis of the golden disk: Litecoin founder Li Qiwei told CNBC today that he has no plan to buy Litecoin. Buy in a reasonable price range. We see that the current price of Litecoin is 58.2 US dollars, which is less than 20% of the peak value, and Li Qiwei's explanation for his high cash out is a conflict of interest. From the perspective of technical trends, it is hard to say the bottom in the short term. We recommend investors to pay attention to risks. [2018/8/28]
In fact, JPMorgan Chase is a leader in the blockchain technology space.
In 2016, with the release of Quorum, JPMorgan became the first bank to open source a blockchain protocol, focusing on institutional-grade performance, privacy and security requirements. It comes from the public Ethereum blockchain, is free to use and is transparent for third-party auditing and verification.
JPMorgan's batch payments business was first piloted in 2017 with the launch of JPMC's first production-grade scalable and peer-to-peer blockchain-based network, the Interbank Information Network (IIN).
In February 2019, JPMorgan Chase first announced the launch of the encrypted digital currency JPM Coin (JPM Coin) for instant settlement of payment transactions between customers, and tested JPM Coin for cross-border payments last summer.
In 2020, JPMorgan Chase created a new business unit Onyx to focus on its blockchain and digital currency projects.
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JPMorgan Chase announced the launch of a blockchain solution to optimize remittance refunds.On April 12.
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Guest of this issue: Alex Yang, a top student in the Department of Mathematics of Peking University, a Ph.D. in mathematics of Northwestern University.
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