Published on October 11th, 2017 | by bitcoin0
Fujitsu, the IT giant joins major banks for blockchain money transfer pilot
Japanese IT giant Fujitsu and three major banks have announced plans to pilot a peer-to-peer money transfer system built with blockchain technology.
In theory, the platform would link customers’ fiat accounts at the three banks to the blockchain system.
They would then be able to use the app to send money, as well as making deposits and withdrawals.
On top of value transfer, the blockchain trial will also test clearing and settlement functionality.
Last month, Fujitsu announced a partnership with the Japanese Bankers Association (JBA) for testing financial services on a blockchain.