• PYMNTS
• 24 Feb, 2021

J.P. Morgan Chase recently sent blockchain payments between satellites orbiting Earth in a test of the Internet of Things (IoT) payments technology. IoT payments technology will allow consumers to pay for products via their smart devices, like having their self-driving car pay for gas, Umar Farooq, CEO of Onyx, J.P. Morgan’s blockchain development unit, told Reuters. But they chose to test it in space for a fully decentralized setting — and because, Farooq added, “we are nerdy and it was a much
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