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Siemens and B2C2 Begin Using JPMorgan's Blockchain FX Payment Platform
Summary: According to Bloomberg, industrial giant Siemens and digital asset market maker B2C2 have started using JPMorgan's blockchain-based FX payment platform. The service allows businesses to conduct cross-border foreign exchange transactions in USD, GBP, and EUR around the clock, enabling near-instant settlement. In contrast, traditional channels for corporate forex transfers typically operate on weekdays, with transactions ...
According to Bloomberg, industrial giant Siemens and digital asset market maker B2C2 have started using JPMorgan's blockchain-based FX payment platform. The service allows businesses to conduct cross-border foreign exchange transactions in USD, GBP, and EUR around the clock, enabling near-instant settlement. In contrast, traditional channels for corporate forex transfers typically operate on weekdays, with transactions taking several days to complete.
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Link: Siemens and B2C2 Begin Using JPMorgan's Blockchain FX Payment Platform [Copy]
