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How JPMorgan’s Onyx is redefining payments in banking with blockchain (ft. Christine Moy & Naveen Mallela)
Word on the Block | Forkast.News
English - March 19, 2021 09:40 - 32 minutes - 29.7 MB - ★★★★★ - 5 ratingsBusiness angie lau defi hong kong digital assets cryptocurrency digital currency blockchain forkast.news crypto technology Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
From JPM Coin to payments on Ethereum in outer space, JPMorgan’s Onyx division is pushing out the traditional banking world’s blockchain frontiers
For over five years, JPMorgan Chase & Co. has been advancing blockchain technology in the banking sector. Its JPM Coin — a wholesale payment stablecoin that is pegged 1:1 to the U.S. dollar — is now transacting billions of dollars every day. JPMorgan’s open information sharing network Liink — formerly known as Interbank Information Network — now has over 400 banks. Just last October, after JPMorgan sold Quorum, its blockchain protocol to the Brooklyn-based blockchain software firm ConsenSys, the banking giant established Onyx, its new blockchain unit.