{"id":141632,"date":"2024-11-07T15:00:10","date_gmt":"2024-11-07T13:00:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141632"},"modified":"2024-11-07T11:55:11","modified_gmt":"2024-11-07T09:55:11","slug":"jpmorgan-revolutionizes-fx-transactions-with-blockchain-technology","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/jpmorgan-revolutionizes-fx-transactions-with-blockchain-technology\/","title":{"rendered":"JPMorgan Revolutionizes FX Transactions with Blockchain Technology"},"content":{"rendered":"

This allows for the settlement<\/a> <\/strong>of on-chain FX transactions, starting with USD and EUR, with plans for more currencies in the future. This integration aims to reduce FX settlement risks and accelerate trade processes, boosting Kinexys as a key player in digital cross-border payments.<\/p>\n

Since its launch, Kinexys has seen impressive growth, processing over $1.5 trillion in transactions. By October 2023, JPM Coin, now Kinexys Digital Payments, surpassed $1 billion in daily transactions.<\/p>\n

JPMorgan also announced a proof-of-concept demonstrating blockchain\u2019s potential for privacy, identity, and composability.<\/p>\n