JPMorgan Chase Incorporates New Features To Its Blockchain-Powered Network For Global Banks

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As per the report, the new feature will go live by the fall and indicated that a subscription system might be introduced over time, to the currently free to use IIN.

The IIN pilot scheme was first launched in 2017, and in January this year, experts at the financial institution asserted that the technology will provide benefits to banks and financial systems. In February, the firm revealed that they will be launching its own cryptocurrency, dubbed the “JPM Coin,” to increase settlement efficiency.

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