follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s  (Read 1487 times)

Offline Cordillerabit

  • Legendary
  • *
  • *
  • *
  • Activity: 2877
  • points:
    1163
  • Karma: 94
  • Proud to be here
  • Trade Count: (0)
  • Referrals: 33
  • Last Active: March 23, 2024, 02:12:14 AM
    • View Profile

  • Total Badges: 27
    Badges: (View All)
    Sixth year Anniversary Fifth year Anniversary Fourth year Anniversary

Several major global banks have successfully completed a cross-border payment pilot test using Thai bank Krungsri’s (Bank of Ayudhya) Blockchain Interledger, according to a press release May 22.

The pilot, conducted in the Bank of Thailand’s (BOT) regulatory sandbox, was executed by Japan’s Mitsubishi Group, their banking unit MUFG Bank, and the Standard Chartered Singapore bank.

The test involved sending money in a period of seconds from a Thailand-based Mitsubishi Group subsidiary to the Standard Chartered account of a Singapore-based Mitsubishi Group Subsidiary, using Kungsri’s Interledger tech.

Thakorn Piyapan, head of the Krungsri Consumer Group and the Digital Banking and Innovation Division, said of the pilot that the “technology-based transaction helps enhance their subsidiaries’ financial liquidity toward greater flexibility and efficiency.”

Krungsri is currently Thailand’s fifth largest bank by total assets.

Yesterday, the MUFG Bank – which is Japan’s largest bank, and the fifth largest bank in the world by total assets – announced that it had partnered with major U.S.-based cloud delivery platform Akamai Technologies for the release of a blockchain-based global payment network. MUFG Bank also reported last week that it plans to test its own cryptocurrency by 2019.

Last week, Thailand introduced a legal framework for cryptocurrencies, defining them as “digital assets and digital tokens” and bringing them under the regulatory umbrella of the Thai Security Exchange Commission (SEC). Yesterday, the Thai SEC clarified its approach to crypto-related businesses and fundraising through Initial Coin Offerings (ICO) in a live-streamed focus group.

Source

Altcoins Talks - Cryptocurrency Forum


For Monthly biddings Check Here


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod