In February 2021, which banking company announced that it had successfully tested blockchain payments between satellites orbiting the Earth?
Question and options
In February 2021, which banking company announced that it had successfully tested blockchain payments between satellites orbiting the Earth?
- Goldman Sachs
- JP Morgan
- Wells Fargo
- Bank of America
Answer and explanation
Correct answer: B - JP Morgan
In February 2021 J.P. Morgan said that its Onyx blockchain unit, working with the Danish firm GomSpace, had tested payments using smart contracts between satellites in low Earth orbit, as a trial of machine-to-machine payments. Goldman Sachs, Wells Fargo and Bank of America were not behind the test.
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