JPMorgan Tests Blockchain USD Transfers for Months Between London & Tokyo

The largest US bank, JPMorgan Chase, has for months been testing proprietary blockchain technology to make US dollar transfers between London and Tokyo for nearly 2,200 clients, according to the Wall Street Journal.

The bank is examining whether blockchain technology, also know as distributed ledger technology, can be utilized for currency clearing and settlement and at the same time provide quicker transactions and reduction in risk.

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