JPMorgan Chase - AllStocks Network

Numerous Japanese Banks Join JPMorgan’s Blockchain-Powered Network

Posted on December 11, 2019December 11, 2019 by Rehan Yousaf

JPMorgan Chase, one of the largest global banking corporations based in the United States, has reached worldwide influence with its blockchain-powered Interbank Information Network, a service that allows banks to share information fast and easily. The Director of Financial Sales Corporation Daizaburo Arai, based in the Tokyo branch of the company, said that the service is functional in Europe, the US and Asia across multitudinous financial institutions as Japanese banks have started showing a growing…

OCBC Becomes First Singaporean Bank to Join JPMorgan’s IIN Blockchain Network

Posted on September 22, 2019September 22, 2019 by Ravi Rd

Oversea-Chinese Banking Corporation (OCBC), the second-largest bank in South East Asia by assets, has become the first top tier bank of Singapore to join JPMorgan’s Interbank Information Network (IIN), JPMorgan’s live blockchain service specifically developed for cross-border transactions. According to the Business Times Singapore, there are plenty of banks from the Asia-Pacific that have already signed up for the IIN, and Singapore’s OCBC is going to be one of them. The majority of these banks…

Multinational German Bank Deutsche Joins JPMorgan’s Blockchain Payment Network

Posted on September 18, 2019September 18, 2019 by Rehan Yousaf

The multinational German investment bank, Deutsche Bank, is joining JPMorgan’s blockchain-powered cross-border payment messaging system, also known as Interbank Information Network (IIN). The aim of JPMorgan’s growing blockchain network is to counter the inefficiencies of the SWIFT payment system. SWIFT payments are cross-border transactions that are sent via SWIFT international payment network. It is one of the largest financial messaging systems in the world, which consists of 11,000 banks. IIN aims to provide a seamless…

Banking Giant Goldman Sachs Seeks Digital Asset Project Manager for Crypto Development

Posted on July 11, 2019August 14, 2019 by Ravi Rd

The recent hot story from the crypto news sphere is that the banking giant Goldman Sachs may follow the footsteps of JPMorgan and will launch its own USD-backed stablecoin. The CEO of Goldman Sachs, David Solomon, reveled in an interview with French news outlet Les Echos recently that the company is studying cryptocurrency for tokenization of various asset class and exploring possible ways to disrupt the current financial market with new products and services. Goldman…

Banking Giant Goldman Sachs May Launch its Own Crypto Stablecoin

Posted on June 30, 2019August 14, 2019 by Ravi Rd

One of the largest US-based multinational investment banks and financial services companies, Goldman Sachs, might launch its own stablecoin like its banking rival JP Morgan Chase that previously announced its own USD backed stablecoin called JPM Coin. In an interview with French financial newspaper Les Echos on June 28, Goldman Sachs CEO David Solomon said that the banking giant is doing extensive research on the concept of tokenization of assets to take part in the…

JPM Coin Already Intrigues Institutional Clients Due to Rapid Bond Transactions

Posted on June 26, 2019July 3, 2019 by Toby Xavier

The prototype virtual coin of the banking giant JPMorgan, JPM Coin, has been making waves online for a while now. There is actually a reason why everyone is glued to these crypto news so much. Keep it in mind that this arguable cryptocurrency is still in the works as it is yet to be tested. As earlier mentioned, people are glued to this digital coin because it has the prospects of being capable of speeding…

JPMorgan Analysts: Significance of Bitcoin Futures Is Ignored

Posted on June 19, 2019June 19, 2019 by Carolyne Walker

Bitcoin futures are becoming popular and as trading them is turning to be more prevalent, regulators have naturally started to pay them more attention. Many traditional or crypto exchanges have started offering the possibility of trading Bitcoin futures, and even began introducing indices that keep investors and individuals up with real-time Bitcoin price, traded volume and much more. Recently, one of the largest banking companies worldwide, JPMorgan Chase, said that ‘Bitcoin futures may be more…

JPMorgan Analysts: Current Bitcoin’s Price Surpassed its Actual Intrinsic Value

Posted on May 21, 2019May 21, 2019 by Rehan Yousaf

After a yearlong bear market, Bitcoin is finally showing signs of recovering to its former glory. While most of the crypto community is celebrating the re-rise of Bitcoin, JPMorgan wants people not to get too optimistic. The banking giant’s representatives wrote a note this Friday, claiming that the improvement in the market is just the first step towards another eventual slump similar to the one in 2017. Bitcoin has been on a recovery run over…

Microsoft to Host JPMorgan’s Quorum on its Azure Blockchain Service

Posted on May 7, 2019May 7, 2019 by Carolyne Walker

Global corporate and investment banking leader JPMorgan and tech giant Microsoft have recently announced the formation of a strategic partnership that will revolve around the adoption of an enterprise blockchain. The partnership will make JPMorgan’s in-house private fork of Ethereum, Quorum, the first distributed ledger platform hosted on Microsoft Azure blockchain services. Furthermore, it will help companies engaged in business with Microsoft and JPMorgan to build and scale blockchain networks in the cloud. The new…

JPMorgan Expands Further its Blockchain Network to 220 Banks Globally

Posted on April 23, 2019April 23, 2019 by Lipsa Das

After tackling several issues related to payments, the American multinational investment Bank and financial giant JPMorgan Chase has decided to delve further into blockchain technology with another expansion of its blockchain-powered network. This move will help the banking giant to ensure that the payment system in its banking sector is operated without any glitch. It’s also extending an invitation to FinTech companies so that they could find out a way to develop their platform further….

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