JPMorgan expands its own internal blockchain system

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The head of the clearing division of JPMorgan & Chase financial holding, John Hunter, said that the functionality of the Interbank Information Network (IIN) system for cross-border payments based on the Quorum blockchain will be significantly expanded, the Financial Times reports.

IIN is already used by more than 220 banks, in testing took park 75 institutions, including Societe Generale and Santander.

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