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India’s Axis Bank Partners with Kinexys for Blockchain-Based Cross-Border Payments

Summary by CoinTrust

Axis Bank has collaborated with Kinexys Digital Payments (KDP) to offer blockchain-powered cross-border payment solutions to its commercial clients. The partnership aims to enhance transaction efficiency by enabling real-time, 24/7 multi-currency payment capabilities. KDP’s blockchain deposit accounts, launched in 2019, will serve as the backbone for this development. Surging Transaction Volumes According to recent data provided by JP Morgan, th…

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Ledger Insights

India's Axis Bank adopts JP Morgan's blockchain payments - Ledger Insights - blockchain for enterprise

Axis, one of India’s top five banks will use JP Morgan‘s Kinexys Digital Payments (formerly JPM Coin) for cross border payments. Swift payments are invariably constrained by differences in bank opening hours, whereas JP Morgan’s blockchain-based bank accounts are available for 24/7 instant payments. This is particularly important for large corporates with subsidiaries spread around […] The post India’s Axis Bank adopts JP Morgan’s blockchain pay…

9 days ago

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