How JPMorgan’s Onyx is redefining payments in banking with blockchain

Published on November 23, 2021

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What is one of the biggest banks in the world thinking and doing about blockchain?

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.

“We’re building a shared software, a collaborative infrastructure with this new emerging technology. And it’s not just JPMorgan building products and services and selling it to everybody,” Christine Moy, the global head of Liink at Onyx, told Forkast.News in a video interview.

Read the full story at Forkast.News:

https://forkast.news/jpmorgan-onyx-jpm-coin-banking-blockchain/

ABOUT FORKAST.NEWS
Forkast.News is a digital media company covering blockchain, DLT, cryptocurrency, and other emerging technologies at the intersection of business, economy, and politics in a way that anyone can understand. At Forkast.News, we bridge the gap between the blockchain industry and the mainstream.

ABOUT ANGIE LAU
Angie Lau is editor-in-chief, CEO, and founder of Forkast.News. She is an award-winning veteran journalist, a respected thought leader in blockchain technology, and a speaker at conferences around the world including the Forbes Summit, Binance Blockchain Week, Paris Blockchain Week Summit, and the Asia Blockchain Summit.

Before founding Forkast in July 2018, Angie anchored Bloomberg TV’s flagship morning show “First Up with Angie Lau” broadcast globally into 350 million homes, offices, and trading floors. Angie’s TED Talk “I Am Not Supposed to Be Here” is now a TED-Ed lesson for its global audience of 6.7 million followers.
#JPMorgan #Blockchain #Onyx

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