JPMorgan Unveils GBP-Based Blockchain Deposits: Expansion into Corporate Finance with Real-Time Payments

Investment giant JPMorgan has taken a significant step in its blockchain payments offerings, launching British Pound (GBP)-denominated blockchain deposit accounts through its digital payments division Kinexys. This expansion signifies the bank’s commitment to revolutionizing corporate finance with real-time transactions and improved efficiency. 24/7 access to funds, same-day foreign exchange (FX) settlements, weekend processing capabilities, and cross-border transfers make this service a major development in the blockchain-enabled payments landscape. Kinexys aims to be a prominent player in the corporate finance sector by offering these enhanced capabilities to its clients.