Already more than 220 banks have joined the blockchain system of JPMorgan, which could even compete with SWIFT in the future.

Using blockchain technology, JPMorgan Chase is significantly more advanced than its competitors, such as Goldman Sachs and Citigroup.

At the beginning of the year, the & Investment Bank had launched the “JPM Coin”. This is a so-called stablecoin – a dollar-linked “stable coin” that the bank uses to help its large corporate clients handle global transactions and transactions.

Now JPMorgan continues to expand its market leadership in the use of Blockchain. The & nbsp; Investment Bank is expanding the application possibilities of its Interbank Information Network (IIN). This Blockchain project was joined last year by 75 of the world’s largest banks. It seems to be a kind of Blockchain-based alternative to the SWIFT system.

The Interbank Information Network, which has now joined more than 220 banks, serves to exchange information. With JPMorgan’s blockchain platform, it is now possible to…

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Source: https://thebitcoinnews.com/jpmorgan-becomes-market-leader-in-the-use-of-blockchain/