State Bank of India (SBI) is the largest bank in India. In a recent report, it has been revealed that SBI has joined the much-hyped blockchain payments network of JPMorgan, called LiiNK (It should not be confused with Chainlink’s symbol LINK). This will reportedly help in curtailing the time of cross-border payment transactions and also the transaction costs of the customers.

State Bank of India has become the first bank in the country to go live on the LiiNK network. Last year, SBI became the only financial services entity to be included in the Fortune Global 500 rankings. After its joining the new LiiNK network, experts believe that the bank’s growth will accelerate manifolds in the next few years. In fact, SBI’s association with a blockchain-powered network is insync with the policy of the Indian government.

https://medium.com/daily-highlights-crypto-analysis-news/indias-largest-bank-sbi-integrates-blockchain-solution-of-jpmorgan-1c08d86a7978

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