J.P. Morgan and Visa are teaming up to streamline cross-border payments by bridging their private blockchain networks, Liink and B2B Connect.
Visa’s cross-border payments product for financial institutions and corporate clients, B2B Connect, has adopted Confirm to validate account information. J.P. Morgan announced today that Deutsche Bank will join as a founding member of the Confirm product to guide its strategic expansion.
Confirm is Liink’s account-information validation product, which ensures transacting parties provide genuine identities and correct information.
“Confirm’s growth is heavily influenced by network effects” Alex Littleton, global head of Confirm, said in a statement to Forbes. “Naming Deutsche Bank as a founding member, while also establishing interconnectivity to Visa B2B’s blockchain, will accelerate our adoption on a global scale.”
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