MUFG Joins Ripples Interbank Group for Global Payments Based on Distributed Financial Technology
http://www.bk.mufg.jp/global/newsroom/news2017/pdf/newse0331.pdf
" Tokyo, March 31, 2017 --- MUFGs banking arm The Bank of Tokyo-Mitsubishi UFJ, Ltd. today announced its joining of the Global Payments Steering Group (GPSG), Ripples interbank group for global payments based on distributed financial technology.
The GPSG will oversee the creation and maintenance of Ripple payment transaction rules, formalized standards for activity using Ripple, and other actions to support the implementation of Ripple payment capabilities.
As the first bank in Asia selected by GPSG to participate, MUFG joins other participating banks such as Bank of America Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada, and CIBC in working on GPSG.
MUFG will continue to pursue new FinTech related technologies to improve customer experiences and contribute towards the global expansion and evolution of financial services. "
It's nice to see this news . XRP has many bog banks behind it and this coin will be applied to many financial and banking fields.
Xrp is on the sideway but it's a good chance to buy more coin before a big news released soon.