Mega-banking institution JPMorgan Chase has recently released a filing which shows that it is looking to license a system to use blockchain technologies on distributed ledgers as a means to facilitate and reconcile banking transactions.
The State Senate’s Banking and Financial Institutions Committee have recommended a Blockchain related bill with a “do pass” status. If the full Senate approves the measure, Blockchain technology would be legally recognized.
Santander promises to launch the new payment system by Friday. With hopes to cross borders in both geography and innovation, the group is excited about the project backed by Ripple developed technology.