As the crypto industry evolves, top players in the traditional financial industry have begun to join the trend via diverse projects. A recent report disclosed that JP Morgan plans to open a crypto lab in Athens. According to StockWatch’s report, the lab will focus on data encryption and security.
JP Morgan Chase is one of the largest American banks. Aside from its normal banking services, JP Morgan also provides institutional research on economics, financial markets, personal finance, etc.
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An Innovation Lab In Athens
The head of JP Morgan’s decentralized finance platform Onyx announced the new crypto lab in Athens. According to Tyrone Lobbam, the initial focus will be on building blockchain-related capabilities to support Onyx.
Onyx is a platform that facilitates the transfer and clearing of money in multi-currency and multi-bank ledgers. JP Morgan Chase formed the DeFi platform in 2020 to handle payment transactio
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