TerraPay integrates payee verification with JPMorgan's Kinexys Liink network for cross-border payments.
Ecosystem ·
TerraPay has integrated payee verification capabilities with JPMorgan's Kinexys Liink network to support cross-border payments. The integration connects TerraPay's identity verification service to Kinexys Liink, which operates as a blockchain rail for international fund transfers.
Cross-border payments remain structured around legacy correspondent banking, where transfers route through multiple intermediaries and incur cumulative fees, FX spreads, and multi-day settlement delays. Blockchain-based rails and dollar-pegged stablecoins are reshaping this landscape by enabling faster, more transparent settlement. JPMorgan's Kinexys platform represents one institutional approach to this transition, with KB Kookmin Bank already using the rail for USD payments across 10 countries.
The scope and commercial terms of TerraPay's Kinexys integration remain unspecified. No details have been disclosed regarding which corridors or transaction volumes the partnership will cover, or how payee verification will be operationalized within the Liink workflow.