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JP Morgan to launch first bank-backed cryptocurrencyJ.P. Morgan and Visa are teaming up to streamline cross-border payments using their private blockchain networks, Liink and B2B Connect. The J.P. Morgan Onyx blockchain division has conducted a successful simulation to test the technical feasibility of cross-border transactions in Singapore. J.P. Morgan has tested the world's first bank-led tokenized value transfer in space, executed via smart contracts on a blockchain network established between.