Ripple’s Global Payments Steering Group Adds BTMU to its Constituency

[kreslik.news]

Ripple, a San Francisco-based blockchain firm, has secured a new member of its Global Payments Steering Group (GPSG), adding MUFG’s banking arm, the Bank of Tokyo-Mitsubishi UFJ (BTMU).

BTMU is the third largest bank in the world and largest bank in Japan – its addition gives the GPSG its first Japanese banking member, which joins an existing group of Bank of America Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada and CIBC. The GPSG helps oversee the maintenance and development of payment transaction rules and formalized standards for the commercial use of Ripple’s network.

For its part, the ... (read more)