Ripple-based P2P Service MoneyTap Adopted by Three Japanese Banks
MoneyTap mainly provides international remittance services to foreign workers living in Japan but has plans to expand globally.
MoneyTap mainly provides international remittance services to foreign workers living in Japan but has plans to expand globally.
Ripple’s strong partner and Japanese financial giant SBI Holdings wants them to relocate to Japan as the blockchain startup faces major regulatory hurdles in the U.S.
Ripple Labs announced a fresh investment in MoneyTap to drive more adoption and development in the Southeast Asia market.
SBI Holdings announced that the Ripple-based application MoneyTap will be integrated into Japanese ATMs. Based on MoneyTap, the ATMs are to be bank-independent so that customers can withdraw money from any ATM.
SBI Holdings and Fukushima Bank formed a partnership that will see the reduction of operational costs and contribution to “regional revitalization.”
Starting from April 25, SBI Holdings’ Yoshitaka Kitao is officially replacing Takashi Okita on Ripple’s board.
Ripple is receiving investments from 13 banks into its MoneyTap App, which handles money transfers between banks as well as between individuals via smartphones. The app does not use XRP, but employs xCurrent for powering payments.
Federal Bank in India has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross-border remittance through its network.
Compared to its peers, Bitcoin and Ethereum, Ripple has the wealthiest community in terms of project support. There is no doubt that throughout this year, Ripple has shown that it can bring the biggest names to its list of followers.
The price analysis of cryptocurrency market suggests Ripple (XPR) is steadily gaining momentum as there are hidden aces up the sleeve that make value of the third biggest digital coin swing upwards.