State Bank of India joins JPMorgan’s blockchain payments network

  • 1
  • 12

State Bank of India joins JPMorgan’s blockchain payments network The State Bank of India, or SBI, a major Indian government-owned bank, is looking to improve cross-border payments with a blockchain solution by American investment bank JPMorgan Chase (NYSE:JPM).According to a Feb. 23 report by The Economic Times, the SBI has joined Liink, a new blockchain-based interbank data network developed by JPMorgan. By integrating the technology, the bank expects to reduce transaction costs and improve cross-border payments for its customers.

Comments

Leave your comment