German carmaker BMW Group has become the first corporation to execute a fully pre-programmed FX transaction using mega-bank JPMorgan’s Kinexys Digital Payments network, the companies said on Tuesday. BMW’s German and U.S. treasury teams pre-defined conditions through JPMorgan’s Programmable Payments application, which enabled an automated, end-to-end FX transaction from EUR to USD. The permissioned blockchain …
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JPMorgan CEO Jamie Dimon Says Rules, Not Politics, Drive Debanking
JPMorgan CEO Jamie Dimon has denied debanking customers based on their religious or political affiliation and stated that he has actually been working to change the rules surrounding debanking for over a decade. During an interview with Fox News’ “Sunday Morning Futures” on Sunday, Dimon said his bank has cut off services to people from …
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