JPMorgan Explores Blockchain-Based Digital Payment System
Much of the project’s infrastructure has been completed, but progress is contingent on receiving regulatory approval from U.S. authorities.
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Once regulatory clearance is secured, the company intends to introduce this system for its corporate clients within the coming year.
Digital deposit tokens would serve as digital representations of customers’ deposits.
Transactions executed with these tokens benefit from instantaneous settlement due to blockchain technology, potentially offering cost-efficient transaction solutions.
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