JPMorgan Expands Blockchain Payment Network To Include British Pound
JPMorgan Chase has integrated the British pound sterling into its blockchain payment infrastructure, marking a strategic advancement in cross-border transactions. The MOVE leverages the bank’s Onyx division and JPM Coin system, which previously focused on other major currencies.
This expansion targets inefficiencies in European financial corridors while reinforcing JPMorgan’s foothold in institutional blockchain adoption. The development signals growing mainstream acceptance of distributed ledger technology for wholesale settlements.