State Bank of India joins JPMorgan’s blockchain payments network
Cointelegraph
Published Feb 23, 2021 04:57AM ET
Updated Feb 23, 2021 06:40AM ET
The State Bank of India, or SBI, a major Indian government-owned bank, is looking to improve cross-border payments with a blockchain solution by American investment bank JPMorgan Chase (NYSE:JPM).
According to a Feb. 23 report by The Economic Times, the SBI has joined Liink, a new blockchain-based interbank data network developed by JPMorgan. By integrating the technology, the bank expects to reduce transaction costs and improve cross-border payments for its customers.
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Written By: Cointelegraph
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