JPMorgan Expands Kinexys Network to Include British Pound Accounts, Targeting Stablecoin Market Gaps
2025-04-15
stablecoin Market Gaps" decoding="async" style="float:left; margin:0 15px 15px 0;" srcset="https://static.news.bitcoin.com/wp-content/uploads/2025/04/j-p--morgan-uk-in-london-300x169.jpg 300w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/j-p--morgan-uk-in-london-1024x576.jpg 1024w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/j-p--morgan-uk-in-london-768x432.jpg 768w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/j-p--morgan-uk-in-london-190x107.jpg 190w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/j-p--morgan-uk-in-london-380x214.jpg 380w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/j-p--morgan-uk-in-london-760x428.jpg 760w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/j-p--morgan-uk-in-london.jpg 1280w" sizes="(max-width: 768px) 100vw, 768px" />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. Kinexys enables corporate clients to transfer funds between JPMorgan accounts and currently processes over $2 billion in daily transactions. The GBP expansion follows the network’s recent capability to […]