Odaily Planet Daily News Bank ABC, an international bank in the Middle East and North Africa, has cooperated with the Central Bank of Bahrain (CBB) to provide instant blockchain payment services to institutions through JPMorgan Chase’s Coin Systems. It is reported that Coin Systems is a blockchain-based permissioned system that acts as a payment rail and deposit account ledger and is located within JPMorgan Chase’s Onyx platform.
Through this partnership, Bank ABC launches new payment services. CBB has provided support for all aspects of the initiative, including the integration and expansion of the solution within the payments sector in the Kingdom of Bahrain.