JP Morgan $JPM uses blockchain for 24/7 dollar transfers with the Indian banks.
The participating banks include HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank and JPMorgan’s own banking unit GIFT City.
JPMorgan applies blockchain to interbank U.S. dollar transactions in India amid growing signs of global de-dollarization.Global financial services company JPMorgan continues exploring the benefits of blockchain, deploying the technology to eliminate some restraints of traditional finance.
