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JPMorgan Expands Blockchain Platform Kinexys to Bolster Payments Revenue

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The Story

News Summary

  • JPMorgan's blockchain platform, Kinexys, is expanding commercial adoption with institutional clients like EBANX, having processed over $4 trillion in transactions.
  • This boosts JPM's high-margin payments division, which grew revenue by 12% year-over-year, strengthening its competitive moat alongside strong earnings growth projections.
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JPM price history

356.23 +21.24% over the displayed period

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