BTMU Joins Ripple Global Payments Group

The Bank of Tokyo-Mitsubishi UFJ – BTMU – the banking arm of Japan’s MUFG bank, has announced that it is joining Ripple’s Global Payments Steering Group – GPSG. As the first Japanese bank in GPSG, MUFG will join Bank of America Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada and CIBC in overseeing the maintenance and enhancement of payment transaction rules and formalized standards for commercial use of Ripple’s global financial settlement solutions network.

Brad Garlinghouse, Ripple’s CEO, stated: “We welcome MUFG, one of the largest and most advanced banks in the world, to the growing number of Ripple customers moving actual money across borders, instantly. While many others continue to play in the sandbox, we’re thrilled MUFG has joined us in our mission to revolutionize payments globally.”

 

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