íàçâàíèå

Ripple (XRP) to Launch Innovative Application ‘MoneyTap’

Ripple (XRP) to Launch Innovative Application ‘MoneyTap’

Despite the drop in prices and many feeling as the confidence in cryptos is declining, for a few weeks now a lot of talk is going on about how Ripple’s technology and their solutions are being adopted and accepted in various networks. The Japanese bank Consortium [made of 61] announced lately that they will be using Ripple’s innovative tech for their financial services and test it in their banking system. One of the latest updates from the Consortium is the release of the app named MoneyTap.

Supported on the Ripple blockchain technology, MoneyTap allows costumers using the services offered by the Consortium to complete transactions very speedy. It is definitely a one-of-a-kind app.

CEO of SBI Ripple Asia – Takashi Okita, added:

“We are proud to leverage Ripple’s blockchain technology through our new mobile app, MoneyTap, to improve the payments infrastructure in Japan.”

The first ones to try out and pilot the app will be Suruga Bank, SBI Net Sumishin Bank and Resona Bank this fall. Afterwards, accordingly following the other members and financial institutions of the Consortium will also implemented the app.

The Consortium is led by SBI Ripple Asia which comprises of 61 Japan banks covering up to more than 80% of the banking assets of Japan. This can act as a catalyst for the mobile app ‘MoneyTap’ to run successfully as it has the potential to provide on-demand payments to the majority of the population.

The application offers a 24-hours full day service which is very beneficial for the place where it is being introduced as banks in Japan are not that flexible when it comes to payment timing as restriction are there allowing only between 8.30 am – 3.30 pm. If they are declared earlier or later, the payments and transactions can be delayed. That is one of the reasons why individuals will be have MoneyTap as their favorite. What is need to conclude the transfer is the phone number or QR code and bank account.

“Together with the trust, reliability and reach of the bank consortium, we can remove friction from payments and create a faster, safer, and more efficient domestic payments experience for our customers.”

12.03.2018 / 14:00 57
Ripple Tech for Instant Payment – Japanese Bank Consortium Ripple Tech for Instant Payment –
Consortium of 61 Japanese banks will be releasing an instant mobile payment app using Ripple’s technology and financial solutions around fall of this
Consortium Of 61 Japanese Banks To Release Instant Mobile Payment App Powered By Ripple Consortium Of 61 Japanese Banks To
The 61-bank Japanese Bank Consortium has partnered with Ripple to release an instant domestic money transferring app this fall. The Japanese Bank
61 Japanese Banks Tap Ripple Blockchain Consumer Payments App 61 Japanese Banks Tap Ripple Blockchain
A consortium of 61 Japanese banks, comprising over 80% of the country’s banking assets, are gearing toward the launch of a retail consumer payments
Ripple Powered App to Revolutionize Domestic Payments in Japan Ripple Powered App to Revolutionize
Ripple makes the news almost every couple of days however the price of its cryptocurrency, XRP, just cannot gain traction at the moment. Partnerships
Ripple-Powered Mobile App to Provide On-Demand Payments in Japan Ripple-Powered Mobile App to Provide
The Japan Consortium is set to launch a revolutionary smartphone app called “MoneyTap,” which will allow customers to settle transactions
Japanese Banks to Harness Ripple DLT for Consumer Payments App Japanese Banks to Harness Ripple DLT
A group of Japanese banks is planning to use Ripple's blockchain-based payments technology in a forthcoming product aimed at general consumers.
Comments (0)
Add a comment
Comment on