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Singapore & JPMorgan Create Forex Payments Blockchain Solution


The Singaporean central bank says it has developed a blockchain-powered prototype for foreign exchange payments – and wants other central banks to follow suit. The Monetary Authority of Singapore (MAS) stated, in a press release, that its new solution was developed in conjunction with JPMorgan...

Five Major South Korean Banks Join JPMorgan Blockchain Project


Five of South Korea’s biggest banks have joined JPMorgan’s cross-border, blockchain-powered payments initiative, the Interbank Information Network (IIN). The network operates on Quorum, a platform based on the Ethereum blockchain. According to an Fn News report, KEB Hana Bank, Shinhan Bank, Woori...

JPMorgan, UBS and Now Wells Fargo Builds Own Digital Cash


U.S.-headquartered banking giant with USD 1.9 trillion in assets, Wells Fargo, plans to pilot its internal settlement service, Wells Fargo Digital Cash, in 2020. The service will run on Wells Fargo’s first distributed ledger technology (DLT) platform and "will not be connected to any other digital...

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