Banking giants in the U.S., Japan, and across Europe have created a consortium that will use cryptocurrency technology in cross-border transfers. The move also presents a direct competitor for Ripple’s XRP token. Settlement ‘Crypto’ Coins for International Remittance According to the Nikkei Asian Review, large banking corporations in Japan like MUFG and Sumitomo have led their counterparts in the U.S. and Europe to establish Fnality International. Based in London, Fnality will create a cross-border settlementRead MoreThe post Big Banks Announce Fiat-Pegged ‘XRP Killer’ Crypto For Settlements appeared first on Bitcoinist.com.
