– JPMorgan’s Onyx Coin Systems has completed a blockchain-based cross-border payments pilot project with First Abu Dhabi Bank (FAB).
– The pilot phase was executed seamlessly with satisfactory response times.
– FAB has successfully completed the pilot testing with J.P. Morgan’s Coin Systems for blockchain-based cross-border payments.
– JPMorgan’s permissioned distributed ledger was launched in 2020 and currently processes between $1 billion and $2 billion a day.
– Onyx has been used for euro-denominated payments in Europe since June.
– On Oct. 11, the first public trade was settled on JPMorgan’s new Tokenization Collateral Network, which also runs on the Onyx blockchain.
– Mastercard announced its Multi Token Network in June, and Citigroup introduced its Citi Token Services in September.
– JPMorgan was one of the participants in Project Guardian, with DBS Bank and Marketnode.
– JPMorgan CEO Jamie Dimon recently expressed his strong belief in artificial intelligence and called cryptocurrencies “decentralized Ponzi schemes.”
- JPMorgan’s Onyx Coin Systems completed a blockchain-based cross-border payments pilot project with First Abu Dhabi Bank (FAB).
- The pilot phase was executed seamlessly with satisfactory response times.
- Onyx has been used for euro-denominated payments in Europe since June.
- The first public trade was settled on JPMorgan’s Tokenization Collateral Network, which also runs on the Onyx blockchain.
- JPMorgan CEO Jamie Dimon expressed his strong belief in artificial intelligence and called cryptocurrencies “decentralized Ponzi schemes.”
