JPMorgan Executes Real Bank Deposits on Ethereum for 24/7 Settlement

The U.S. banking giant’s blockchain transaction precedes the Federal Reserve’s own real-time settlement capabilities.

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Terms & Concepts
  • Ethereum: A decentralized blockchain platform enabling smart contracts and peer-to-peer transactions without central authority.
  • Smart contract: Self-executing blockchain code that automatically enforces the terms of an agreement.
  • 24/7 settlement: A payment settlement process operating continuously without interruptions, enabling instant transfer of funds at any time.