This blog is for my daily practices. The articles were translated from Japanese news sites, assisted by English teachers.

May 16, 2018

New Technology of International Currency Transfer

2 comments :
The Mitsubishi Corporation and the Mitsubishi UFJ Bank have announced on 14th May that they will start experiment of international currency transfer, applying the block chain technology. If they will be successful with this experiment, then they will be able to transfer funds to other countries in a matter of minutes. The technology was developed by Ripple Inc., US which is also a service provider in a fintech industry.

The Blockchain technology was originally used in crypto currency, in which they are now using to make their experiment. Because the traditional way in sending funds has to go through a lot of banks. With this technology you can send the funds directly to the intended location or recipient.


https://www.jiji.com/jc/article?k=2018051400370&g=eco

2 comments :

  1. I notice you write well. I think you may need to fix an agreement problem between your subjects and the verb in your opening sentence.

    ReplyDelete
  2. Thank you for the comment. I've fixed as you gave me advices on the lesson.

    ReplyDelete