
Bitcoin.com News|Apr 15, 2025 10:31
🇬🇧 JPMorgan added British pound-denominated accounts to its blockchain-based payments network, Kinexys, aiming to fill a gap left by the stablecoin market's predominant focus on the U.S. dollar.
This expansion follows the network's recent capability to handle euro transactions and comes in response to growing demand for pound transfers, despite 80% of Kinexys volume still being dollar-based, according to Naveen Mallela, global co-head of the Onyx platform.
What are your thoughts on JPMorgan's expansion into pound-denominated accounts and its impact on the stablecoin market?
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