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JP Morgan, DBS Bank and Temasek form new payment platform


JP Morgan, DBS Bank and Singapore’s state-owned investment firm Temasek have teamed up to create a new joint payment company.

The newly founded blockchain-based company is called Partior and means “to distribute and share” in Latin.

It aims to “disrupt the traditional” hub and spoke “model for cross-border payments,” JP Morgan said in a statement released on Wednesday. The hope is to create a more efficient digital clearing and settlement platform.

The…



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