Question
JPMorgan Chase & Co. is going to introduce a
blockchain-based platform to settle interbank dollar transactions in the nation’s newest international financial hub. For this,it has tied up with how many banks?Solution
JPMorgan Chase & Co. has tied up with six Indian banks to introduce a blockchain-based platform to settle interbank dollar transactions in the nation’s newest international financial hub. The banks include top private lenders like HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Yes Bank Ltd. and IndusInd Bank Ltd, in addition to JPMorgan’s own banking unit at GIFT City.
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