State Bank of India joins JPMorgan’s blockchain payments network

23 Feb 2021

State Bank of India joins JPMorgan’s blockchain payments network

State Bank of India joins JPMorgan’s blockchain payments network 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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