SBI joins JPMorgan’s blockchain payments network

State Bank of India has tied up with JPMorgan to use the US bank’s blockchain technology to speed up overseas transactions. The tie-up is expected to reduce SBI customers’ transaction costs and time taken for payments. SBI has joined Liink, a new blockchain-based interbank data network developed by JPMorgan. By integrating the technology, the bank expects to reduce transaction costs and improve cross-border payments for its customers.
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