India’s Oldest Bank SBI joins JPMorgan Blockchain Payment Network

The oldest bank in India, State Bank of India (SBI), has partnered with US bank, JPMorgan, to leverage its blockchain platform to speed up international transactions. This is the first of such partnerships in India and shows the growing adoption of blockchain-based solutions by banks.  SBI to Integrate JPMorgan Blockchain Solution for Cross-border Payments The development was revealed today by local news outlet the Indiatimes. According to the report, the partnership will offer SBI immense benefits. One of which is…

Japanese Financial Giant SBI Buys UK Crypto Trading Firm B2C2

SBI Holdings has acquired the U.K.-based cryptocurrency trading firm B2C2 via its wholly-owned subsidiary, SBI Financial Services. While the acquisition amount was not disclosed, the deal comes a few months after the Japanese conglomerate acquired a minority stake of $30 million in B2C2, which earlier this year said it would expand its business into prime brokerage services.  Since the two companies partnered in July, SBI has been providing its clients access to B2C2's platform, and the firm's trading volumes have…