MUFG & Bradesco Collaborate to Leverage Ripple Tech for a new Cross-border Payment Service
Ripple technology will be now used by one of the largest banks of Brazil, Bradesco in collaboration with Japan’s largest financial institution, MUFG Bank to facilitate faster and transparent cross-border payments between Japan and Brazil.
Brazil and Japan’s Premier Banks to Utilize “Ripple’s cutting-edge Technology”
Ripple has added yet another partner to its already long list. This time one of the largest banking and financial services company of Brazil, Bradesco is leveraging Ripple technology. Brazil’s private bank has over 5,300 branches and in a total of approximately 38,000 Automatic Teller Machines (ATMs).
Targeting the Japan and Brazil cross-border payments corridor, Ripple’s another partner and the world’s leading financial institution, Mitsubishi, MUFG Bank will also join Brazil’s Bradesco as reported by Ripple on its Twitter:
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