The largest US bank, JP Morgan, has partnered with Siemens to develop a blockchain system for payments.
Thanks to Blockchain recording and verifying payments It is aimed to develop the necessary system for For now Siemens Transfer funds between their own accounts in US dollars system to be used in the future EuroIt will also support .
JP Morgan, in October last year blockchain projects as a subsidiary for onyxHe had founded. JPMorgan Chase about the topic;
“Cryptocurrencies are valuable not only because they serve as an investment, but also because they are useful as a means of payment. In the future, the more economic actors accepting cryptocurrencies as a means of payment, the higher their use and value will be. “Alternative” As a currency, the long-term upside potential for Bitcoin is remarkable as we believe it will compete more intensely with gold as millennials become a more prominent part of the investor universe over time.”
made statements.
In the partnership between Siemens and JP Morgan, the processing of payments will be handled by the Onyx unit.