Post by Soutpeel on May 17, 2018 10:27:17 GMT 7
Mitsubishi Corporation Testing Ripple (XRP) Ledger Protocol For Cross Border Remittance
Mitsubishi UFJ Financial Group (MUFG) and Mitsubishi Corporation have announced intention to use Ripple (XRP) distributed ledger technology to demonstrate international remittance. The cross-border settlement according to Mitsubishi reduces the cost and time of transaction settlement. In the remittance test, it was aired that UK’s Standard Chartered will also be a major participant.
It was indicated in the statement that Singaporean dollars will be remitted from Thailand to Singapore, adding that Mitsubishi Corporation subsidiary will transact fund from an account held in the local Ayutaya Bank under MUFG, to an account established by Mitsubishi Corporation Affiliate at Singapore’s base in Standard Chartered.
cryptorecorder.com/2018/05/14/mitsubishi-corporation-testing-ripple-xrp/
Mitsubishi UFJ Financial Group (MUFG) and Mitsubishi Corporation have announced intention to use Ripple (XRP) distributed ledger technology to demonstrate international remittance. The cross-border settlement according to Mitsubishi reduces the cost and time of transaction settlement. In the remittance test, it was aired that UK’s Standard Chartered will also be a major participant.
It was indicated in the statement that Singaporean dollars will be remitted from Thailand to Singapore, adding that Mitsubishi Corporation subsidiary will transact fund from an account held in the local Ayutaya Bank under MUFG, to an account established by Mitsubishi Corporation Affiliate at Singapore’s base in Standard Chartered.
cryptorecorder.com/2018/05/14/mitsubishi-corporation-testing-ripple-xrp/
