Ripple Payments App, MoneyTap Launches Today by the Japan Bank Consortium

Ripple Payments App, MoneyTap Launches Today by the Japan Bank Consortium

News Ripple
October 4, 2018 by Sandra Onyeiwu
1223
Ripple announces today through a tweet ” The Japan Bank Consortium launched MoneyTap today, a Ripple-powered payments app to offer real-time settlement for domestic payments in Japan!” Dubbed ‘MoneyTap’, the smartphone app will enable real-time, round-the-year domestic money transfers between bank accounts using xCurrent, Ripple’s enterprise blockchain network, details from the app’s website reveal. Account
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Ripple announces today through a tweet ” The Japan Bank Consortium launched MoneyTap today, a Ripple-powered payments app to offer real-time settlement for domestic payments in Japan!”

Dubbed ‘MoneyTap’, the smartphone app will enable real-time, round-the-year domestic money transfers between bank accounts using xCurrent, Ripple’s enterprise blockchain network, details from the app’s website reveal.

Account holders at three participating Japanese banks – SBI Sumishin Net Bank, Suruga Bank, and Resona Bank – can send funds using the mobile app, which is compatible with both iOS and Android devices.

SBI Ripple Asia began working with a consortium of Japanese banks earlier this year on ‘MoneyTap’, a smartphone application that enables consumers to make instant domestic payments via a bank account, phone number, or QR code.

Money Tap is a new bank experience application provided by the “consortium for domestic and foreign exchange”. Money Tap is an application that realized remittance directly from bank accounts to bank accounts. No charge is required and anyone with a bank account can start it easily.

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