US banking giant JPMorgan has activated uninterrupted dollar transactions with 6 Indian banks via its blockchain platform Onyx.
According to a report published by Bloomberg on June 5, JPMorganone of which is a subsidiary 6 Indian on Onyx with the bank non stop dollar in order to process blockchain focused to cooperation gone.
Within the scope of cooperation, HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, Induslnd Bankbetween JPMorgan and a banking unit of JPMorgan located in Gujarat International Finance Tec-City (GIFT City) 24/7 dollars transfer and purchase and sale operations can be performed.
Agreement, GIFT City’s Singapore or Alternative to Dubai as a commercial center to the positioning will support.
President of JPMorgan India Kaustubh Kulkarni, Onyx integration payment capability of systems will increase its capacity expressed. According to Kulkarni Continuing 24/7 The banks at GIFT City own during trading hours will support their work.
President, the system analysis to be made a few months along pilot project declared that it will be carried out.