, in a move that will lower costs at the German bank and give global heft to a system created to speed up cross-border payments. The JPMorgan Chase-led Interbank Information Network (IIN) will this week announce Deutsche as a new recruit to a network of 320 banks which have agreed to swap information on global payments over blockchain, the mutually distributed ledger technology behind cryptocurrencies. Most of IIN’s existing members are banks who use JPMorgan as a correspondent bank to process dollar payments on behalf of their clients.

source https://finance.yahoo.com/m/bf01f00b-cb4c-3df4-823e-a180ddd11ce0/deutsche-bank-joins.html?.tsrc=rss