The Onyx division of the American financial giant JPMorgan is creating a payment solution on how to manage payments internally for the industrial conglomerate Siemens, according to the Financial Times.
According to FT, Onyx is creating a tool to automate Siemens intercompany payments. Payments in the system will be denominated in dollars, later support for the euro will be added.
“We are seeing a huge change due to the emerging digital business models,” said Heiko Nix, head of cash and payments management at Siemens.
Recall that in July, JPMorgan opened 84 blockchain-related vacancies. Many of them involved employment in the Onyx division, which focuses on distributed ledger projects and the JPM stable coin.
In March, JPMorgan posted 56 blockchain jobs, some of which were related to JPM Coin.