Cryptocurrency Derivatives Series: Bitcoin Price Dynamics And Hedging Strategy Ahead of Options Expiry Season 
Cryptocurrency Derivatives Series: Bitcoin Technical And Derivatives Market Outlook 
Cryptocurrency Derivatives Series: Bitcoin Flirts With Technical Supports & Drifts In Sideways, Uphold Long Hedges 
Three ways blockchain could get the world to act against the climate crisis 
Binance Expands Their Product-Mix By Launching Quarterly Futures Contracts 
Crypto-Technicals: ETH/USD Stalls On Hanging Man, Bulls Eyeing On Breakout Of 100-EMAs, Hedging Perspectives For Upside Risks 
- News
- Economy
- Central Banks
- Investing
- Research
- Roundups
- Digital Currency
- Insights
- Technical Analysis
- Technology
- Business
- Law
- Health
- Nature
- Fintech
- Science
- Topic
- Opinions
- EconoTimes PRO
- ©Elmin Media . All Rights Reserved.
Japanese Fukui Bank joins blockchain consortium of SBI Ripple Asia
SBI Holdings has announced that Japan-based Fukui Bank has recently joined the consortium of SBI Ripple Asia.
Earlier in February, SBI Holdings struck a multinational deal with Ripple, distributed ledger technology provider, to create a new company ‘SBI Ripple Asia’, in order to meet growing demand for Ripple solutions across Asia.
With growing cross-border e-commerce, the need for foreign exchange in Japan has increased manifold. This rise in demand has highlighted the need for real-time settlement systems.
The consortium uses innovative technologies such as blockchain and promotes the domestic currency and foreign exchange, aiming to build a real-time remittance infrastructure.
According to the official announcement, the number of participating financial institutions in the consortium has reached 43 with the addition of Fukui Bank. The consortium is currently discussing both technical and operational aspects of the foreign exchange market in Japan and expects to complete trials by March 2017 for commercial use.
The consortium is accepting the registration of financial institutions continuously and expects the number of participating financial institutions to increase.
Editor's Picks
- Market Data
