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After reading this article, my understanding is that these guys are competitors, targeting small banks. http://tech.economictimes.indiatimes.com/news/startups/singapore-startup-instarem-with-indian-cofounder-raises-13-million/59439850
Hello folks, I just saw this: https://www.cryptocoinsnews.com/japans-largest-bank-turn-credit-card-unit-digital-currency-platform/. What do you think does that mean for the use of XRP? I recently asked the question if banks would do this and the major opinion around here was that they would not. See https://www.xrpchat.com/topic/4180-banks-building-their-own-cryptocurrency/. So what is now? How will MUFG coin integrate with XRP? What will happen with XRP when there is no integration to the bank coin? What should stop banks doing all their own thing again? All the best, Tim.
Hey folks, there was some news that Japanese banks want to go more into cryptocurrencies and that there are some gigs with Ripple. See http://techwireasia.com/2017/05/japanese-banking-consortium-continues-push-fintech-turns-blockchain/#FLElDUuRXCZMVT9G.97 The article also states that banks are thinking about creating their own cryptocurrency for that. This means XRP would not be used in this case, but their own thing. I have trouble getting my head around this. Why should they do that? Would such a project be likely to succeed? I somehow doubt it. Do you know more about it? Thoughts?