The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional […]Blockchain, Crypto, Cryptocurrency, Japan, Japanese banks, progmat, Project Pax, SwiftRead More

You might also be interested in reading Wall Street banks had a great quarter, and the boom times are just starting.