Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

Cointelegraph

Published May 22, 2018 11:00AM ET

Updated May 22, 2018 12:32PM ET

Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

Several major global banks have successfully completed a cross-border payment pilot test using Thai bank Krungsri’s (Bank of Ayudhya) Blockchain Interledger, according to a press release May 22.

The pilot, conducted in the Bank of Thailand’s (BOT) regulatory sandbox, was executed by Japan’s Mitsubishi Group, their banking unit MUFG Bank, and the Standard Chartered (LON:STAN) Singapore bank.

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