JPMorgan and DBS to launch blockchain cross-border payment platform
Major American investment bank JPMorgan (NYSE:) 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.
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