02 Nov '16, 10am

42 Banks Join New Japanese Blockchain Consortium

42 Banks Join New Japanese Blockchain Consortium

42 banks are joining a newly-created Japanese blockchain consortium to enhance the cross-border payment industry. The consortium will focus on research and development, and will cover domestic and foreign exchange services by utilizing blockchain technology. Also read: Japan Set to Be Major Funding Source for Blockchain Companies SBI Holdings and Ripple Asia Launch 42 Bank Consortium The Japanese blockchain organization launched this week with 42 financial institutions and SBI Holdings joining — with SBI Ripple Asia at the helm. The consortium believes there has been a significant paradigm shift in customers’ behavior and social life, and there’s a need for diversified frictionless payments. Some of the biggest needs in the future will be “24-hour and real-time settlement and small-value settlement.” The group says a “borderless trend” is creating significant cross-border ...

Full article: https://news.bitcoin.com/42-banks-japanese-blockchain-con...

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