JPMorgan Files Patent For Blockchain Cross-Border Payment Network

Blockchain, News | May 4, 2018 By:

JPMorgan Chase has applied for a patent to use blockchain technology for the reconciliation and facilitation of financial transactions between banks.

In a patent application published by the US Patent and Trademark Office on Thursday, JPMorgan is seeking to use distributed ledgers to keep track of payments that are sent between banks using a peer-to-peer (P2P) network.


JPMorgan Chase Sued Over ‘Sky-High’ Cryptocurrency Fees

Crime, News | April 12, 2018 By:

JPMorgan Chase has been hit with a class-action lawsuit in Manhattan federal court for charging “sky-high” interest rates and fees to customers who used their credit cards to buy cryptocurrencies.

Brady Tucker, the plaintiff named in the April 10 complaint, alleges that Chase Bank charged additional layers of fees and much higher interest on the cash advances versus what they charge for credit card purchases,


JPMorgan Chase Sets Blockchain Payments Partnerships

Announcements, Blockchain, FinTech, News | October 16, 2017 By:

JPMorgan Chase may not like bitcoin and other cryptocurrencies – just ask CEO Jamie Dimon, who recently called bitcoin “a fraud” – but the underlying blockchain technology is apparently another story.

The banking giant said today that it will launch a new payment processing network that uses blockchain in partnership with Royal Bank of Canada and Australia and New Zealand Banking Group.