This describes the immediate or near-instantaneous movement of funds or assets from one party to another. Unlike traditional systems with delays, real-time transfers aim for rapid settlement, often completing within seconds or minutes. This capability is a key feature of many modern digital payment and asset transfer systems.
Context
Real-time transfers are a significant point of discussion when comparing the efficiency of different blockchain networks and payment solutions. News often focuses on upgrades or new protocols that promise faster transaction finality and reduced settlement times. The ability to conduct real-time transfers is crucial for applications requiring immediate liquidity and rapid value exchange, such as decentralized finance (DeFi) or cross-border payment services.
JPMorgan's deployment of the JPMD token on Coinbase's Base blockchain establishes a critical new rail for real-time, programmable B2B and cross-border payments, optimizing capital efficiency and operational throughput for global enterprises.
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