Japanese banks are rapidly moving to Ripple Blockchain in 2018

A consortium of Japanese banks plans to use the Ripple Blockchain technology for the implementation of domestic and international payments.
As reported by CNBC, the statement was made after the successful implementation of the pilot program, which the consortium used the Blockchain technology to a cloud computing platform named Cloud RC. It allows the banks from the consortium to make money transfers in real time in Japan, and also to make cross-border payments at a much lower price.

"The goal of the consortium is to improve the efficiency of domestic and cross – border payments through the use of the latest accounting technologies available in the world at the moment," said Amy Yoshikawa, Ripple's Director of joint use.
According to Yoshikawa, the consortium was launched in October and represents more than thirty percent of all banks in Japan. The members included: AEON Bank, Nomura Trust and Banking, Resona Bank, and Mizuho.

Further plans for Ripple
Yoshikawa also stressed that he expects to replenish the consortium for another ten or twenty banks this year. All of this should result in a consortium of between forty and sixty percent of all banks in Japan. It is expected that the commercial phase of RC Cloud will begin this fall.

Earlier it was reported that Samson Williams, CSO the Irish Fintech firm SeedUps, predicts that XRP will reach $ 16 by December of the current year.
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