Categories: Ripple

Money Tap Connects 60 Japanese Banks With Ripple, Launches Site. What It Means For XRP? – Ripple News. Wednesday, September 12

Click here to view original web page at

MoneyTap has just recently released their website, which means that we are very close to the official launch of the app. The sole sight of some activity is a big news for Ripple's XRP community, as Money Tap will be used by more than 60 banks and is openly supporting Ripple and XRP.

Ripple XRP Cryptocurrency News

Money Tap Launches Their Site

MoneyTap has just recently released their website, which means that we are very close to the official launch of the app. Even though there isn't much information provided there at the moment, the sole sight of some activity in this matter is a big news for Ripple's XRP supporters and holders, as Money Tap will be used by the Japanese Bank Consortium, which consists of more than 60 banks, which adds up to almost 80% of Japanese banks. The website stats that the app is coming in Fall this Year on iOS and Android.

It's worth reminding that the CEO of SBI has said earlier this year, during the announcements of Money Tap, that: "We are also considering using XRP for bridge currency in Money Tap." While Ripple's technology is slowly being used more widely by various financial institutions, the community is still worrying about the fact that the sole XRP token doesn't seem to find its utility in all of their banking solutions. MoneyTap is the first mobile app of its kind to be developed and used by multiple, different banks in the country.

SBI, which is a Tokyo-based Strategic Business Innovator Group is exploring more and more cryptocurrencies. Two months ago, they have launched their own public cryptocurrency exchange VCTRADE. It has been noticed that the group is very supportive of Ripple and XRP tokens.

Ripple has talked about the financial sector in Japan and the problem they are facing:

"Flexibility with domestic payments is limited in Japan: transactions must occur on weekdays and between 8:30 am and 3:30 pm or risk delays.
While there are discussions to change the window on the current banking rail system to make it accessible 24 hours a day and seven days a week, the cost of implementing it would be high.
Blockchain powered domestic payments will speed transactions and lower costs"

Emi Yoshikawa, director of joint venture partnerships at Ripple said:

"The release of the MoneyTap mobile app shows Ripple's continued commitment to provide its partners across Asia and the world with blockchain-powered solutions that dramatically improve the customer payments journey"

XRP/USD Price Chart, Wednesday September 12th:

Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.

Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin Price Fumbles Under $10,000 as Traders Fear $8K Target

Bitcoin price is trading below $10,000 and a further pullback could drive price even lower. | Source: Shutterstock By CCN… Read More

3 hours ago

Mark Carney’s Dollar-Killer Digital Currency Threatens Bitcoin

Mark Carney, governor of the Bank of England (BOE), has a plan to challenge the dollar's dominance. | Source: Photo… Read More

3 hours ago

Crypto Funds Are Outperforming – You Shouldn’t Be Surprised

Josh Gnaizda is the founder of Crypto Fund Research . It’s one of the worst-kept secrets in the alternative investment… Read More

3 hours ago

FTC Settles With Promoters of Multi-Level Marketing Crypto Scheme

The U.S. Federal Trade Commission (FTC), has settled charges it filed last year against four promoters of crypto-denominated multi-level marketing… Read More

3 hours ago

Ethereum moves closer to Istanbul hard fork as Geth and Pantheon merge all improvement protocols

While Ethereum is on its way to shifting from Proof-of-Work to Proof-of-Stake, the developer community is currently engaged with the… Read More

3 hours ago

Binance Research: Too early to rule out Ethereum blockchain competitors

Binance Research, the market research and analysis arm of Binance, has published a report on tokenization and the key factors… Read More

3 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More