JPMorgan expects the blockchain payment network will be live by the third quarter this year.
Along with developing the blockchain-based payment system, JPMorgan is encouraging technology experts to experiment with blockchain on the platform, which will resolve compliance issues quicker, according to the report.
In 2018, 75 banks joined the Interbank Information Network, which is designed to eliminate threats from payment startups. Another 220 banks have signed up to use JPMorgan’s payment network for data sharing.
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