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Mizuho and SMBC Nikko Join XRPL Initiative for Financial Infrastructure

CoinDesk Japan reports the banks are collaborating to explore blockchain-based financial service innovations via the XRP Ledger.

XRP

Summary

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Terms & Concepts
  • XRPL (XRP Ledger): A decentralized blockchain developed by Ripple for fast, low-cost transactions and decentralized finance applications.
  • Blockchain-based financial solutions: Technological systems using distributed ledgers to enhance or replace traditional financial processes.