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JPMorgan’s Onyx blockchain unit is working with German industrial giant Siemens on payments

JPMorgan’s dedicated blockchain-centric payments unit is reportedly working with Siemens, the German industrial conglomerate, on a new approach to streamlining how it handles payments internally. The Financial Times reported Monday that the JPM unit, Onyx, is building the system in order to automate payments between Siemens accounts. The system will be denominated in US dollars, though support for the euro could be added in the future. Heiko Nix, head of cash management and payments for Siemens, told the outlet that …