DBS, JPMorgan, Temasek to create platform to advance digital payments
The three organisations are looking to leverage blockchain technology and digitise M1 commercial bank money to reduce current frictions and latency for cross-border payments, trade transactions and foreign exchange settlements.
With the future of global payments on the cusp of a fundamental shift, DBS, JPMorgan and Temasek will develop an open industry platform to reshape and accelerate value movements for payments, trade and foreign exchange settlement in a new digital era.
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