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Wednesday

12 May 2021

JP Morgan, DBS, Temasek to Develop Blockchain Cross-Border Payment Platform

JP Morgan, DBS, Temasek to Develop Blockchain Cross-Border Payment Platform


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According to the announcement, the aforementioned company aims to disrupt the traditional cross-border payments ‘hub and spoke’ model that has resulted in several pain points such as multiple validations on payment details by banks resulting in costly post transaction exception handling and reconciliation activities.

It is worthy of note that akin to any blockchain-based payments mechanism, Partior aims to provide 24/7 infrastructure that will enable financial institutions and developers to co-create applications that support use cases such as FX Payment Versus Payment, Delivery Versus Payment, and Peer-to-Peer escrows

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Why Fiat Experts Don’t Get Bitcoin
published: 34 minutes ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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