- The 13 banks joining MoneyTap App to push Ripple (XRP) adoption a notch higher.
- “Money Tap’ is a safe, real-time and comfortable app that allows users to transfer money between individuals directly.”
SBI Holdings, a leading financial group in Japan is making huge strides with its XRP powered MoneyTap App it recently launched. The latest regarding the cashless payment application is that 13 leading banks are going to integrate it. The development is a huge milestone for the San Francisco-based blockchain startup as it is adding more commercial banks to Ripple’s payments ecosystem.
The 13 banks include Atago, Kiraboshi, Keiyo, San-in Joint, Shiga, Shimizu, Shinsei, Suminobu SBI Net, Suruga, Seven, Hiroshima, Fukui, and Hokuriku.
According to the press release published last week:
“Money Tap’ is a safe, real-time and comfortable app that allows users to transfer money between individuals directly and can deposit money directly from a bank to a bank account 24 hours a day, 365 days a year. In addition to the bank account number, we also have a remittance function that uses a mobile phone number or QR code (* 2, 3) to specify the remittance destination, and by combining this with biometric authentication such as fingerprints, the user experience (UX) and security.”
The CEO of SBI Holdings, Yoshitaka Kitao has been very bullish on the potential of Ripple (XRP) and its blockchain payment system. He is keeping alive his vision of having more and more banks connect to use XRP by 2025.
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