Ripple Powered Mobile App to Provide On-Demand Domestic Payments in Japan

[Anonymous No.8171047]

>"banks are just running pilots "

/biz/ on suicide watch hahhaaa


The Japan Bank Consortium will release a groundbreaking smartphone application called “MoneyTap”— powered by Ripple’s blockchain technology — to allow customers of the bank consortium to settle transactions instantly, 24 hours a day, seven days a week.

“MoneyTap” is the first mobile app of its kind to be developed and used by multiple, different banks in the country.

Three members of the Japan bank consortium: SBI Net Sumishin Bank, Suruga Bank and Resona Bank will be the first to go live on the mobile app in autumn of 2018. This will be followed by a staggered roll out to the rest of consortium.

The Japan bank consortium, led by SBI Ripple Asia, is comprised of 61 banks covering more than 80% of all banking assets in Japan. MoneyTap will have the potential to provide on-demand payments to the vast majority of the country through this consortium.

“MoneyTap” allows the bank consortium customers to make instant domestic payments and only requires a bank account, phone number, or QR code.

What’s more, MoneyTap helps shed the costs associated with existing banking and ATM fees that are currently applied to domestic money transfers in Japan, making those payments not just faster, but cost less overall.


https://ripple.com/insights/ripple-powered-mobile-app-provide-demand-domestic-payments-japan/

[Anonymous No.8171101]

>inb4 XRP is not used

Every customer is a potential xRapid customer. Every customer provides Ripple Labs increases its revenue which helps it expand improve the tech and expand XRP's market share. Every customers increases the network effect.


Hate it or like it, Ripple will be the internet of money, and XRP will be the bridge currency.

[Anonymous No.8171118]

>>8171101
*Every customer increase Ripple Labs revenue and helps it improve the tech and expand XRP's market share.

[Anonymous No.8171847]

/biz/ will buy the top

[Anonymous No.8171906]

Nice. Cripple might get back to its ath in another 4 years at this rate.

[Anonymous No.8172787]

>>8171101
>Ripple will be the internet of money
except its not. if it was going to happen, it would have already. I have no desire to accumulate XRP. If I do its only to get more BTC. Its a jew scam.

[Anonymous No.8172810]

Wait... people on biz still own ripple? Jesus Christ

[Anonymous No.8172819]

The point of crypto is we are our own bank idiots. XRP is the biggest scam. You'd have to be a boomer to buy into it. Ripple will fuck over everyone that touches it. It doesn't solve anybodys problem. No consumer will prefer it over USD. You guys are dumb as hell.

[Anonymous No.8173165]

>>8172819