JPMorgan Tests Blockchain Payments Between Earth-Orbiting Satellites

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JPMorgan Chase & Co recently tested blockchain payments between Earth-orbiting satellites and found that digital devices can take advantage of the technology behind virtual currencies for transactions.

The Internet of Things (IoT), where devices are interconnected, mostly connect consumer electronics, including smart speakers such as the Amazon Echo and Google Home.

Banks, therefore, want to be ready to process payments when smart devices start transacting autonomously. Umar Farooq, CEO of blockchain business JPMorgan Onyx, believes space is the perfect place to give it a try.

Source and continuation of the article:  https://beincrypto.com/jpmorgan-tests-blockchain-payments-between-earth-orbiting-satellites/