Ripple Partners with 61 Japanese Banks to Develop Domestic Payments App

[kreslik.news]

Ripple, a payments firm set to revolutionize the banking sector using blockchain technology, has partnered with 61 Japanese banks to launch a mobile app, called MoneyTap, to settle domestic transactions instantly.

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This blockchain-based service will operate around the clock and is in response to the current Japanese cash settlement system, which only operates on weekdays from 8:30 am till 3 pm.

Ripple, along with its three major partners – SBI Sumishin Net Bank, Suruga Bank and Resona Bank – from the multi-bank consortium led by SBI Ripple Asia, will start ... (read more)