US banking giant JP Morgan has partnered with Singapore’s largest bank, DBS, and state-owned investment firm Temasek to create a blockchain-based platform for payments, trade,…
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By digitizing money in commercial banks, Partior will enable instant settlement of payments and practically do away with the current sequential method of settling global payments.
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JP Morgan Global Head of Wholesale Payments, Takis Georgakopoulos, highlighted that Partior would be a massive compliment of the products the American bank has made in the…
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Temasek Deputy CEO, Chia Song Hwee, was excited about the possibilities that the joint venture will unlock.
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The initial focus of Partior will be in Singapore, with settlement done either in USD or SGD.