SBI Ripple Asia, a joint venture between distributed ledger technology provider Ripple and financial services firm SBI, has said that a consortium of 47 Japanese banks have successfully completed a pilot implementation of Ripple via a cloud-based platform. The solution, Limited THE TOHO BANK, is powered by the provider's distributed financial technology and is the first in the world to enable real-time money transfers both domestically and internationally. More than 90 banks across the world are currently working with Ripple and over 30 pilots have been completed. The Japanese consortium now plans to move into the commercial phase of deployment.
SBI Ripple Asia, a joint venture between distributed ledger technology provider Ripple and financial services firm SBI, has said that a consortium of 47 Japanese banks have successfully completed a pilot implementation of Ripple via a cloud-based platform. The solution, RC Cloud, is powered by the provider's distributed financial technology and is the first in the world to enable real-time money transfers both domestically and internationally. More than 90 banks across the world are currently working with Ripple and over 30 pilots have been completed. The Japanese consortium now plans to move into the commercial phase of deployment.