Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.