JPMorgan has partnered with six Indian banks to settle interbank dollar transactions using blockchain technology on its Onyx platform. This pilot project aims to enable 24/7 transaction settlement, which is much faster than the traditional system that takes a few hours and is not available during weekends and public holidays. JPMorgan also predicts a surge in Bitcoin demand due to the upcoming halving event and the increasing price of gold, which is considered a safe haven asset. JPMorgan CEO Jamie Dimon expects a pause in interest rate hikes by the Federal Reserve but warns of potential harsh impacts on the market.
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JPMorgan Leverages Blockchain for Dollar Trades, Cites Strong Bitcoin Demand
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