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JPMorgan launches payments network using blockchain technology

Published 2017-10-16, 08:43 a/m
Updated 2017-10-16, 08:50 a/m
© Reuters.  JPMorgan launches payments network using blockchain technology

© Reuters. JPMorgan launches payments network using blockchain technology

Oct 16 (Reuters) - JPMorgan Chase & Co (NYSE:JPM) JPM.N said on Monday it launched a new payment processing network that uses blockchain technology, in partnership with Royal Bank of Canada RY.TO and Australia and New Zealand Banking Group ANZ.AX .

The Interbank Information Network will allow payments to reach beneficiaries faster with fewer steps and better security, JPMorgan said on Monday. (http://reut.rs/2ylXai4)

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