RATE Group | JPMorgan Considers Merging Ethereum-Based Quorum with ConsenSys
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JPMorgan Considers Merging Ethereum-Based Quorum with ConsenSys

11 Feb JPMorgan Considers Merging Ethereum-Based Quorum with ConsenSys

Posted at 21:29h in Cryptocurrency News by

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One of the largest banks in the world is considering merging its in-house blockchain project with ConsenSys. JPMorgan is considering merging it’s Ethereum-based Quorum project with ConsenSys and is set to formally announce the news within the next six months.

JPMorgan May Spin Off Quorum

JPMorgan, the largest bank in the U.S. and one of the largest banks in the world, is reportedly considering spinning off its in-house blockchain project. According to a report from Reuters, sources familiar with the matter revealed that the bank is considering merging Quorum with Ethereum development studio ConsenSys.

While neither ConsenSys nor JPMorgan commented on the rumors, the unnamed sources said that the deal will most likely be formally announced sometime in the next six months. The financial deals of the merger still remain largely unclear, as do many other technical aspects of the deal.

The decision apparently didn’t come out of the blue—JPMorgan has been considering spinning off

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