Ripple is distinctly cost-effective and fast: Japanese banking giant MUFG Read

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Mitsubishi UFJ Financial Group Inc is one of the top banks in the world, and it has shown immense support for cryptocurrencies. Earlier this year, the bank announced its aim of testing a propriety cryptocurrency by next year. The primary objective of this is to reveal its token to the public and to use it as a means of payment. Japan aims to bank on cryptocurrency for its future businesses – and may use Ripple’s technology in actualizing its aims.

Japan’s support for cryptocurrency is without doubts and its largest bank, Mitsubishi UFJ Financial Group Inc (MUFG), has been partnering with Ripple since last year. According to the bank, Ripple makes transactions easier, faster, and cheaper. It also said that Ripple’s products (xVia, and xCurrent) are top-notch and are going to change the way money is being transferred.

Read more at http://globalcoinreport.com/ripple-cost-effective-fast-mufg-japan/