Siemens and crypto market maker B2C2 have begun using JPMorgan's blockchain-based foreign exchange payment platform.

According to Bloomberg, industrial giant Siemens and digital asset market maker B2C2 have begun using JPMorgan Chase's blockchain-based foreign exchange payment platform. The service supports 24/7 cross-border foreign exchange transactions in US dollars, British pounds, and euros, with near-instant settlement. This significantly improves transaction efficiency compared to traditional foreign exchange transfers, which are limited to business days and can take several days.