SBI Holdings and its subsidiary SBI Ripple Asia announced in March this year the official website of money teller application for smartphone · MoneyTap (Money Tap) was released on the 12th.
The application is that you can easily remit domestically and overseas using a bank account, mobile phone number, QR code, and it will be commercialized earlier in the three companies, Shumishin SBI Net Bank, Suruga Bank and Resona Bank It has been done.
Money tap was released by the ” internal and external exchange centralized consortium ” aiming at introducing a financial infrastructure that unified the foreign and domestic currency exchange, and the distributed ripple (XRP) distributed ledger technology (DLT) was used as the basis of the service It is.
In the announcement of March this year, only “public after the summer” was mentioned, Mr. Takashi Okita of SBI Ripple Asia publicly released an official website of money tap on Twitter on Twitter.
According to the website, the official release of the application will be around autumn this year, and it is said that it will be compatible with both Android and iOS.
Ripple ‘s xCurrent is applied to the base of the service whose 61 domestic banks are aiming for introduction, but it is unknown whether XRP will be used as an intermediary currency in money taps .
List of participating financial institutions of consortium for domestic and foreign exchange consolidation:
Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/sbi-ripple-asia-moneytap/
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