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BMW uses JPMorgan's blockchain settlement system Kinexys to automatically process foreign exchange transfers
According to Bloomberg, German automaker BMW AG has started using a blockchain-based system to automate some foreign exchange transactions, as companies increasingly look to leverage the technology behind cryptocurrencies to accelerate and streamline the multi-billion-dollar cross-border transfer process. The company uses JPMorgan Chase & Co.'s Kinexys platform, which automatically transfers euros from BMW's New York dollar account when the balance falls below a set threshold.
2025-12-09 12:03:06
President Xi Jinping arrived in Rio de Janeiro on the 17th local time to attend the 19th G20 Summit and pay a state visit to Brazil.
President Xi Jinping arrived in Rio de Janeiro on the 17th local time to attend the 19th G20 Summit and pay a state visit to Brazil.
2024-11-17 20:05:32
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