Mitsubishi, MUGS, the First Pilot Payment with Thai Blockchain

The major Thai banks have successfully performed the first pilot payment with the help of the blockchain interledger. The payment was performed by the Japanese Mitsubishi Group, through MFUG bank unit and the Standard Chartered Singapore Bank.
The test took some seconds and was about sending the money from a Thailand based subsidiary of Mitsubishi Group to the Singapore based Mitsubishi subsidiary.
The enterprise administration believes that the transfer success will allow to use the system in a full range to serve their customers. As well, the system will allow to increase customer satisfaction and transactions transparency.

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