💹Ripple Powered Mobile App to Provide On-Demand Domestic Payments in Japan
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.
Ripple
https://ripple.com/insights/ripple-powered-mobile-app-provide-demand-domestic-payments-japan/