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.
Japan’s SBI Group Launches Crypto Lending Service
By
John K. Kumi
Customers would be able to earn 1% on their deposits for 84 days. Currently, deposits of as low as 0.1 BTC and as high as 5 BTC will be allowed.
Ripple Invests in SBI Holdings Subsidiary MoneyTap
Ripple Labs announced a fresh investment in MoneyTap to drive more adoption and development in the Southeast Asia market.
Chinese Wealth Management Company Lufax Files for IPO in U.S.
By
Darya Rudz
Lufax will use the proceeds of the IPO for general corporate purposes. They include investment in product development, sales and marketing activities, technology infrastructure, capital expenditures, global expansions, and more.
Japan’s Financial Giant SBI Acquires Crypto Exchange TaoTao after Failed Binance Bid
The SBI Group said that it will add TaoTao best services in crypto trading to its existing platform to serve the community better and expand its business.
Visa, BNP Paribas Invest $80M into Fintech Startup Currencycloud
By
Darya Rudz
Visa, BNP Paribas and a number of other prominent companies have just backed payments startup Currencycloud that powers popular fintech apps like Monzo and Revolut.
Ripple Secures Highest Funding in Blockchain Industry in 2019, Overall Funding Down
Despite a growing interest by global organizations and government institutions for the blockchain technology, the industry saw a drop in new funds raised. Ripple managed to steal the show with over $200 million raised in Series C funding.
Wall Street-Backed Blockchain Consortium R3 on Its IPO Consideration
Blockchain consortium startup R3 is said to be considering an Initial Public Offerings (IPO). Sources familiar with the report reveals that R3 is in talks with an adviser over a potential public listing.
Japanese SBI Plans to Create a Project for R3 with Extensive Use of XRP
SBI Group is considering variants to develop a project for R3 in the framework of which XRP will be used more extensively.
SBI Group Tests ‘S Coin’ Token for Retail Payments over Users’ Smartphones
By
Neil Mathew
The Japanese banking giant plans on rolling out the “S Coin” in an attempt to dominate the mobile payments sector. This new project fits the overall vision of the company to ultimately help Japan turn cashless.