Mitsubishi UFJ Financial Group is one of the latest financial institutions that use financial decisions Ripple in everyday activities. This is not surprising. Given their global expansion reached senior figures figure Ripple like brad Garlinghouse and senior Vice President of products Ashish Birla, the results on the face. The basis of their marketing are numerous internal and public demonstrations, confirming the superiority of the products RTXP, XRP and Ripple over the traditional money transfer systems, and the results of financial institutions such as Mitsubishi UFJ, after the implementation of Ripple, getting better.
While other banks continue to reiterate their commitment to SWIFT and alternative solutions for cross-border payment, Mitsubishi UFJ Financial Group and Ripple have created a working relationship in the first quarter of 2017. Their partnership launched the trend, given that the Bank itself is the fifth largest assets in the world.
He not only collaborated with the Ripple, but was part of the Global Payments Steering Group (GPSG) along with other global banks like CIBC, Standard Chartered and Merrill Lynch. After their partnership, executives of the Bank expressed his admiration for how efficient, cheap and easy was to transfer money from one country to another.
– For us it’s really important that we work in more than 50 countries around the world, because in these countries the Bank has branches and conducts operations, so every day we have to transfer large sums of money. We have several multinational corporations that operate everywhere, so there is a huge liquidity – said Mitsubishi UFJ Financial Group.
More and more agencies and startups are beginning to recognize the Ripple economic benefits from XRP. Most recently, brad Garlinghouse said he expects that more global banks will accept XRP on a permanent basis, and by the end of the fourth quarter of 2018, the market will be ready for institutional investment.
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