News Explorer — Automaker BMW Used JPMorgan's Blockchain Network for FX Payment

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Dec 9, 1:18 pm

Coindesk

Automaker BMW Used JPMorgan's Blockchain Network for FX Payment

BMW Group and JPMorgan collaborated to conduct the first fully pre-programmed FX transaction using JPMorgan’s Kinexys Digital Payments network. The automated process allowed for seamless fund transfers between Frankfurt and New York, optimizing liquidity and enabling near-instant cross-border payments.

BMW Group and JPMorgan collaborated to conduct the first fully pre-programmed FX transaction using JPMorgan’s Kinexys Digital Payments network. The automated process allowed for seamless fund transfers between Frankfurt and New York, optimizing liquidity and enabling near-instant cross-border payments.

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