Built on Quorum, a permissioned blockchain based on ethereum and developed by JPMorgan, IIN is designed to enable member banks to exchange information in real time, allowing them to verify a payment has been approved. This, the bank says, helps reduce friction in international payments and ultimately leads to faster processing times.
Related posts
-
Cronos (CRO) Labs Expands Partnership with Google Cloud to Boost Blockchain Ecosystem
Iris Coleman Nov 07, 2024 14:17 Cronos (CRO) Labs enhances its strategic... -
VC Darling Eclipse Finally Debuts Its Solana-Ethereum Blockchain Hybrid
Like other layer-2 Ethereum rollups, Eclipse lets people transact on Ethereum with faster speeds and lower... -
Trace Launches ATP Tour Digital Collectibles on Sui Blockchain
Rongchai Wang Nov 07, 2024 13:43 Trace collaborates with ATP to mint...