• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan

Mizuho Partners with Ripple for Cross-Currency Settlements

Gautham by Gautham
7 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Financial service company Mizuho Financial Group (NYSE:MFG) has confirmed partnering with Ripple Labs to try out the latter’s blockchain-based solution for cross-currency settlements.

The Japan-based finance giant, which is also a part of the R3 led international banking consortium, plans to utilize Ripple Protocol’s proprietary blockchain protocol – known as Ripple – to implement speedy and cheap cross-border settlements.

SBI Holdings (TYO:8473), another Japanese financial services company, also plays an integral role in the aforementioned deployment following its joint-venture partnership with Ripple Labs this year. Mizuho, therefore, will be able to expand its blockchain-based operations throughout Asia by utilizing SBI’s presence in the territory.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

Unlike other blockchain based solutions available in the market, Ripple allows banks to have more control over their applications making it a favorite. The SBI Holdings partnership has now given Ripple access to the high-volume region for trade and remittance payments, states Ripple. SBI Holdings’ wide presence in over 20 countries including China, South Korea, and other ASEAN countries will help Ripple leverage upon the partnership to enter new markets.

Ripple recently added 7 new banks to the network. The banks – Santander (NYSE:SAN), UniCredit (BIT:UCG), UBS (NYSE:UBS), ReiseBank, CIBC (NYSE:CM), National Bank of Abu Dhabi and ATB Financial will also be using the blockchain solution for cross-border payments.

Chris Larsen, the CEO of Ripple believes that the platform has reached a tipping point.  Financial institutions are moving beyond blockchain experimentation and projects to real-world applications that are driving significant bank-to-bank volume.  This major transformation in the financial system combined with the growth of Ripple network paves the way for new connected commerce opportunities and growing demands for real-time, high volume, low-value global payments.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Ripple is gaining ground in the growing distributed fintech ecosystem as Ethereum, the well-known smart contracts platform catches up with it.

Ref: Ripple Blog | Image: Ripple Logo
Tags: Bitcoin NewsblockchainBlockchain Technologyfintechmizuho financialNewsRippleSBI Holdings
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Gautham

Gautham

Related Posts

DeFi is not dead

‘No, DeFi Is Not Dead,’ Says Ex-Founder Of Yield Finance

2 hours ago
Nostr Social Media

Nostr Decentralized Social Network Now On Apple and Google Stores

3 hours ago
Bitcoin BTC

Time To Sell Bitcoin And Crypto? ‘Big Short’ Michael Burry Tweets ‘Sell’

4 hours ago
Litecoin

Litecoin Basks In Green As LTC Inches Closer To $100 Mark

6 hours ago
BlackRock Silvergate

Blackrock Increases Stake In Silvergate To 7.2%

10 hours ago
DekaBank Partership Metaco

German Bank Managing Over $428 Billion In Assets To Offer Bitcoin and Crypto Services

10 hours ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Big Eyes Coin Hits £20 million in Presale: Feline Friendly Crypto Dwarfs Competition

February 1, 2023

B2Broker Unveils Integrates Match-Trader into Its White Label Liquidity Offering

February 1, 2023

Optimism (OP) reaches all-time high, Coinbase fined 3.3 million euros by Dutch central bank and could Snowfall Protocol (SNW) launch earlier than the official date as investors pile in to buy up remaining supplies

February 1, 2023

Spike in Transactions causes Polygon (MATIC) price to Surge, Ethereum (ETH) loses 2.94%, and Snowfall Protocol (SNW) sells more than 90% of their phase 3 supply

February 1, 2023

Bitcoin Cash (BCH) Proponent Roger Ver Sued, Litecoin (LTC) Surpasses Ethereum’s Number Of Unique Addresses, And Snowfall Protocol (SNW) Shines 3700% Brighter

February 1, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.