JPMorgan's blockchain platform, Kinexys (formerly Onyx), has unveiled blockchain-based pound sterling (GBP) deposit accounts in the UK, as reported by The Block. This innovative move aims to streamline cross-border transactions and offer round-the-clock accessibility, including weekend foreign exchange services. These accounts empower JPMorgan's corporate clientele with the ability to execute real-time fund transfers between pounds, euros, and dollars. By leveraging blockchain technology, Kinexys provides enhanced efficiency and transparency in international payments, moving away from traditional banking limitations. This initiative underscores JPMorgan's commitment to integrating blockchain solutions into its core financial services, offering businesses a faster and more flexible approach to managing global finances. The 24/7 availability further reduces delays and improves liquidity management for corporate clients. ```
