PANews reported on December 9th that, according to Bloomberg, BMW AG has integrated with JPMorgan Chase 's Kinexys platform to automate some foreign exchange transfers using blockchain technology: when its New York account's dollar balance falls below a set threshold, the system automatically transfers euros from its Frankfurt account. This solution leverages on-chain speed and programmability to reduce the need for reserve capital buffers to address cash shortages.PANews reported on December 9th that, according to Bloomberg, BMW AG has integrated with JPMorgan Chase 's Kinexys platform to automate some foreign exchange transfers using blockchain technology: when its New York account's dollar balance falls below a set threshold, the system automatically transfers euros from its Frankfurt account. This solution leverages on-chain speed and programmability to reduce the need for reserve capital buffers to address cash shortages.
BMW uses JPMorgan Chase's blockchain system for automated foreign exchange transfers.
For feedback or concerns regarding this content, please contact us at [email protected]
PANews reported on December 9th that, according to Bloomberg, BMW AG has integrated with JPMorgan Chase 's Kinexys platform to automate some foreign exchange transfers using blockchain technology: when its New York account's dollar balance falls below a set threshold, the system automatically transfers euros from its Frankfurt account. This solution leverages on-chain speed and programmability to reduce the need for reserve capital buffers to address cash shortages.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
NZD/USD Plummets: Middle East War and Weak NZ Confidence Crush Kiwi Dollar for Fourth Straight Day
BitcoinWorld NZD/USD Plummets: Middle East War and Weak NZ Confidence Crush Kiwi Dollar for Fourth Straight Day WELLINGTON, New Zealand – March 15, 2025: The New
Share
bitcoinworld2026/03/28 02:10
Oil Price at $103 Meets a Bearish Brent Pattern, Is a Ceasefire Being Priced In?
The post Oil Price at $103 Meets a Bearish Brent Pattern, Is a Ceasefire Being Priced In? appeared on BitcoinEthereumNews.com. Brent crude futures are trading near
Share
BitcoinEthereumNews2026/03/28 02:16
Momentum weakens, downside risks build below 0.6900
The post Momentum weakens, downside risks build below 0.6900 appeared on BitcoinEthereumNews.com. The Australian Dollar (AUD) edges lower against the US Dollar (
Share
BitcoinEthereumNews2026/03/28 02:30
