JPMorgan Expands Blockchain Payment Network To Include British Pound

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JPMorgan Chase has taken a significant step forward by adding the British pound sterling to its blockchain payment infrastructure. This expansion builds upon the bank’s existing blockchain framework, which has already proven successful with other major currencies.  The integration represents an important development in transforming cross-border payment systems, particularly within European financial corridors. It addresses long-standing inefficiencies while strengthening JPMorgan’s position in the competitive financial technology sector. JPMorgan’s Blockchain Evolution JPMorgan’s journey into blockchain began with the establishment of Onyx, its dedicated blockchain and digital currency division. Central to this initiative is the JPM Coin. It is a digital currency that enables instant value transfers between institutional clients.  Initially supporting only the US dollar, the system could streamline payment processes, reduce settlement risks, and lower transaction costs. Traditional banking methods did not offer such perks. The bank’s blockchain platform has matured from an experimental concept into a robust financial service. Today, major corporations and financial institutions use it globally. By implementing private blockchain technology, JPMorgan created a controlled environment that maintains necessary security and regulatory compliance. It also leverages the efficiency benefits of distributed ledger technology. This development has progressed through careful expansion, testing, and strategic partnerships. That allowed JPMorgan to refine its blockchain infrastructure before adding new currencies. The British pound integration represents the culmination of extensive development work and engagement with UK financial regulators. The Bank Refined Its Blockchain Infrastructure and Then Added New Currencies  The British pound integration comes at a time when crypto-based payments are becoming more widespread across various sectors. Real estate, travel, online casinos, and sports betting sectors are embracing this new payment system. That highlights the growing demand for fast, secure, and borderless transaction solutions.  In one of Techopedia in-depth reports, betting expert Vlad Grindu highlights how the best online gambling platforms support…