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SBI Ready to Launch Ripple-Based Mobile Payment Application

Published 09/17/2018, 09:16 AM
Updated 09/17/2018, 10:20 AM
 SBI Ready to Launch Ripple-Based Mobile Payment Application

SBI Ripple Asia, a joint venture between Japanese banking giant SBI Group and US startup Ripple, is set to introduce soon its mobile blockchain-based payment application MoneyTap. The app’s website has already been launched, Takashi Okita, the chief executive officer (CEO) of SBI Ripple Asia, said on Twitter last week.

“What do you think about the logo of the project,” Okita asked his followers. The only disclosed information on the MoneyTap website, except the logo, is that the app will have a free version for devices that use Google’s mobile operating system, Android, as well as a free application for Apple’s iOS of Apple (NASDAQ:AAPL).

In March, Ripple unveiled a plan for the MoneyTap development, based on the company’s distributed ledger technology (DLT), called xCurrent. The app will target Japanese on-demand payments with 24/7 service, as the availability is a significant issue for the country’s business. Currently, domestic banking transactions have a working wind...

This article appeared first on Cryptovest

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