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Tag: cross-border finance

Bank of Tokyo-Mitsubishi UFJ to Use Ripple Blockchain for Cross-border Money Transfers

Category: Altcoins, Finance, News, Tech

Bank of Tokyo-Mitsubishi UFJ to Use Ripple Blockchain for Cross-border Money Transfers

The Bank of Tokyo-Mitsubishi UFJ announced that together with six of its international banking peers it would launch a new cross-border money transfer service that runs on blockchain technology. Bank of Tokyo-Mitsubishi UFJ has joined the Ripple’s Global Payments Steering Group (GPSG), where it will collaborate with several banks to launch a new wire transfer service that uses Ripple’s distributed…

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