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Corpay Cross-Border Using Blockchain Technology to Facilitate Client FX Conversions

1. Corpay announces FX conversions via J.P. Morgan's blockchain, improving payment speeds. 2. This development positions Corpay for competitive advantages in cross-border payments.

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FAQ

Why Bullish?

Utilizing J.P. Morgan's blockchain enhances Corpay's service offerings, potentially increasing revenue. Historically, companies adopting innovative technologies like blockchain have seen stock price appreciation.

How important is it?

The article highlights a technological enhancement that could drive business growth, making it significant for CPAY. Innovations that streamline processes typically attract investor attention.

Why Short Term?

Immediate effects expected as businesses seek faster payment solutions. Market trends favor companies integrating efficient technologies quickly.

Related Companies

JPMVMA
TORONTO--(BUSINESS WIRE)--Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business can facilitate client foreign exchange (FX) conversions using J.P. Morgan's Kinexys Digital Payments blockchain. Kinexys Digital Payments is a payment rail powering near real-time1 value transfer using commercial bank money, offered through Kinexys by J.P. Morgan, the firm's blockchain business unit. Through Kinexys Digital Payments, Corpay Cros.

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