JPMorgan’s wholesale car financing arm has filed a patent application to use blockchain to track the automobile inventory it finances for car dealers. The application describes a distributed ledger-based version of floorplan lending, a revolving line of credit that allows car dealers to borrow against...
Americans like owning and driving cars — 88 percent of those who are legally able to drive are owners of cars, according to Pew, giving the U.S. the world’s second-highest automobile ownership rate (Italy leads the pack and edges us out with 89 percent ownership)....
February 23, 2018
Americans like owning and driving cars — 88 percent of those who are legally able to drive are owners of cars, according to Pew, giving the U.S. the world’s second-highest automobile ownership rate (Italy leads the pack and edges us out with 89 percent ownership). But Americans do not like buying cars — or at […]
August 06, 2021
Car loan startup Carputty raised $7.2 million in a seed round led by a $3 million backing by Kickstart Fund, according to a press release on Friday (August 6). Additional investors included Kinetic Ventures, University Growth Fund, Aries Capital Partners and entrepreneur John Dancu. Carputty is working to disrupt the car financing business and offer […]
November 24, 2019
JPMorgan’s wholesale car financing arm has filed a patent application to use blockchain to track the automobile inventory it finances for car dealers. The application describes a distributed ledger-based version...
