Share this article
India's Largest Bank Joins JPMorgan's Blockchain Payments Network
Liink, JPMorgan’s blockchain banking network, is based on a fork of Ethereum.
Updated May 9, 2023, 3:16 a.m. Published Feb 23, 2021, 10:00 a.m.
State Bank of India (SBI) is joining JPMorgan's blockchain payments network to bring more efficient international payments to users.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The public sector bank, India's largest by various metrics, will use JPMorgan’s blockchain platform to help accelerate cross-border payments and reduce costs, according to an Economic Times report Tuesday.
- Dubbed Liink, the blockchain network is based on a fork of Ethereum and has already been integrated by around 100 banks.
- Liink was designed to connect banks in a peer-to-peer fashion and help remove inefficiencies from cross-border payments and other functions.
- SBI expects the time for transactions to be reduced to several hours from up to a fortnight previously, sources told the Economic Times.
- “We are excited to be the first bank in India to go live on the network and look forward to closer partnership with JP Morgan on implementation and exploring application as part of the network to better serve our clients,” Venkat Nageswar, deputy managing director of international banking at SBI, told the publication.
Read more: India’s Securities Regulator Wants IPO Promoters to Sell Crypto Holdings: Report
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Crypto Firm Tether Says It Wants to Take Over Italian Football Club Juventus
The issuer behind the most popular stablecoin said that if the bid succeeds, it prepares to invest $1 billion in the football club.
Lo que debes saber:
- Tether said it aims to take over popular Italian football club Juventus FC.
- The firm proposed to acquire Exor's 65.4% stake in an all-cash offer, and intends to make a public offer for the rest of the shares.
- Tether reported net profits exceeding $10 billion this year, while its flagship token USDT is the world's dominant stablecoin with a $186 billion market capitalization.
Top Stories
