BMW Taps JPMorgan for First Onchain Programmable FX Payment

BMW Uses JPMorgan Blockchain System for Automated FX Transfers

BMW Taps JPMorgan for First Onchain Programmable FX Payment

The German car giant used JPMorgan’s permissioned Kinexys Digital Payments network to do the FX transaction.

BMW Helps JPMorgan Drive Blockchain-Based FX Payments

JPMorganChase said BMW has achieved a landmark using its Kinexys payments system. The carmaker has become the first corporation to carry out a fully preprogrammed foreign exchange (FX) transaction using programmable payments on Kinexys, the banking giant said in a Tuesday (Dec. 9) news release. According to the release, BMW’s treasury teams in the U.S. and Germany “pre-defined conditions” through Kinexys that when reached, allowed for …

BMW Joins JPMorgan’s Kinexys Network as On-Chain FX Payments Go Mainstream News ETHNews

BMW AG has taken a major step toward automated treasury management by executing its first on-chain, programmable foreign exchange (FX) payment using JPMorgan’s Kinexys platform. The milestone confirms how quickly large multinational corporations are shifting toward blockchain-based financial rails as they seek more efficient liquidity control across global operations. BMW Tests Automated FX Transfers Across EUR and USD Accounts The German automa…

BMW Integrates Blockchain System for Streamlined Foreign Exchange Operations

TL;DR BMW integrated JPMorgan’s Kinexys network into its FX flows to automate transfers and operate with less idle capital. The company activated a system that moves euros from Frankfurt to New York when its dollar balance drops below a threshold, executing each transfer in seconds. The group expanded its use of blockchain technology and incorporated programmable processes that reduce manual work and connect its treasury to fast-settlement netw…

BMW Adopts Automated Blockchain System for Treasury Operations

BMW has begun integrating blockchain technology into its internal financial operations, taking a practical approach to automation rather than waiting for broader cryptocurrency market maturity. The German automaker has started moving part of its treasury processes onto a blockchain-powered infrastructure, marking a shift in how major corporations may eventually manage liquidity across global accounts. The company connected its treasury systems t…