Japanese banking consortium will use the technology Ripple
Stock Markets Group Japanese banks intend to use the technology of Ripple for international transfers.
As reported by CNBC, the banking consortium announced the successful completion of the pilot project on the use of Blockchain technology for cloud platform RC Cloud allows banks to conduct international transactions much cheaper.
Director of the project for using Ripple Amy’s Yoshikawa in his statement said:
“A consortium must improve the efficiency of payments within the country and abroad, using the latest payment technologies available in the world today”
The consortium, headed by Mizuho Financial Group and Japan Post Bank was created in October last year, and it included about 30% of Japanese banks.
‘s Yoshikawa expects the successful testing of the payments, using the technology of Ripple, will allow in the future to enable the consortium of new banks in the country and expand the number of participants to 60%.
According to experts, this news will have a positive impact on the rate of Ripple and is a good signal for investors.
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