JP Morgan’s blockchain party keeps getting bigger
The US lender’s Interbank Information Network (IIN) will take in more than 75 global banks, more than a quarter of them in Asia Pacific. Will it be enough to fend off the fintechs?
More than 75 banks worldwide – including 21 in Asia such as China Citic Bank, ICICI Bank and Mizuho Bank – have joined the Interbank Information Network (IIN), a JP Morgan-led initiative that harnesses blockchain technology to facilitate cross-border payments.
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