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R3 – a consortium of financial giants that includes Barclays, JPMorgan Chase (NYSE: JPM) and Wells Fargo. R3 is developing a blockchain based trading platform and financial network that could greatly speed up the wire transfer of money and assets, Bloomberg reported. This could be truly disruptive because Chase; America’s largest bank, is planning to roll out Chase Pay – a digital wallet similar to Apple Pay – later this year. The combination of Chase Pay and Blockchain could greatly reduce transaction costs.

^1 ^2 34 posted on Jun 02, 2016
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