Global Banking News - 02 March 2017
A consortium of Japanese banks is planning to use distributed ledger technology to make domestic and international payments.
The 47-member consortium is to use the service of Google-based Ripple after completing a pilot programme for a cloud-based payments platform, RC Cloud. The platform allows member banks to carry out real-time money transfers in Japan, as well as make cross-border payments at a significantly lower cost.
Emi Yoshikawa, Rip
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