Big Banks Announce Fiat-Pegged ‘XRP Killer’ Crypto For Settlements40.8

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.

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.

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