MoneyTap has just published its website, which means we are very close to the official launch of the app. The only view of some activities is a big news for the Ripple XRP community, since Money Tap will be used by more than 60 banks and openly supports Ripple and XRP.
Ripple XRP Cryptocurrency News
Money Tap launches their site  MoneyTap has just published its website, which means we are very close to the official launch of the app. Although there is currently not much information available at the moment, the only view of some activities in this field is great news for Ripple supporters and XRP owners, since Money Tap will be used by the Japanese Bank Consortium, which consists of more than 60 banks, representing almost 80% of Japanese banks. The website statistics that the app will arrive in the fall of this year on iOS and Android.
It is worth mentioning that the CEO of SBI said at the beginning of this year, during the Money Tap announcements, that: "We are also considering the use of XRP for the bridge currency in Money Tap. " While Ripple technology is being used more slowly by various financial institutions, the community is still worried that the only XRP token does not seem to find its usefulness in all of their banking solutions. MoneyTap is the first mobile app of its kind to be developed and used by several different banks in the country.
SBI, which is a strategic group of strategic innovation in Tokyo, is exploring more and more cryptocurrencies. Two months ago, they launched their exchange of public cryptocurrency VCTRADE. It has been noticed that the group supports Ripple and XRP tokens a lot.
Ripple talked about the financial sector in Japan and the problem they are facing:
"Flexibility with internal payments is limited in Japan: transactions must occur on weekdays and between 8:30 am and 3 pm : 30 or risk delays
While there are discussions to change the window on the current banking system to make it accessible 24 hours a day and seven days a week,
Domestic payments powered by Blockchain will accelerate the transactions and reduce costs "
Emi Yoshikawa, director of joint venture partnerships in Ripple, said:
" The release of MoneyTap's mobile app shows Ripple's ongoing commitment to providing its partners in Asia and worldwide blockchain solutions that significantly improve the path of customer payments "
XRP / USD price table, Wednesday 12 September:
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