Mitsubishi adopts JPMorgan blockchain for corporate payments
Mitsubishi Corporation will use JPMorgan Chase's blockchain-based payment system, Kinexys, for its global operations. The system enables near-instant fund transfers and has processed over $3 trillion in cumulative volume since its launch in 2020.
Mitsubishi Corporation is adopting a blockchain-based payment system developed by JPMorgan Chase. The system, called Kinexys, allows for near-instant fund transfers and reduces reliance on traditional banking. Kinexys has processed over $3 trillion in cumulative volume since its launch in 2020. Mitsubishi is one of Japan's largest trading and industrial companies, with global operations in energy, manufacturing, and logistics. The adoption of Kinexys is part of a growing trend of institutional demand for blockchain-based settlement systems. JPMorgan is expanding its blockchain infrastructure, with plans to scale Kinexys to $10 billion in daily transactions.
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