XRP is often considered as Japan's favorite cryptocurrency. This rumor was confirmed when Ripple and SBI Holdings announced their partnership, a partnership that really secured Ripple's future in Japan and the Pacific. The partnership, now known as SBI Ripple Asia, is now exploring a new money transfer application, which will allow people in Japan to transfer money through the Ripple network, allowing immediate and low-cost payments.
to see some XRP integration, although as it is, no official announcements have been made that point to this.
The app, it is said to be called & # 39; Money Tap & # 39; and it should arrive in less than two months, on both iOS and Android, making money transfers and payments on the Ripple network much more accessible to smartphone users in Japan.
Takashi Okita, CEO of SBI Ripple Asia, tweeted about this news, suggesting that it is not just a rumor and that Money Tap is a fully functional product, which we expect to see rolled out sooner rather than later.
According to The Next Web:
"By translating its website, Money Tap claims to offer easy bank transfers at no additional cost to the user, in addition to this, details remain poor. 39, SBI Ripple Asia's business, it is fair to assume that the app uses part of Ripple's blockchain technology, but that remains a mystery for now. "
In addition, Money Tap does not seem to be the first of his genre in Japan in particular:
"Japan certainly looks like it will see blockchain and mobile payments Crop more frequently in the future." Recently, the Japanese company SoftBank announced a proof-of-concept that will facilitate peer-to-peer mobile payments. all over the world. "
Money Tap could be the start of a new revolution for Ripple and XRP in Japan. Although with competition from other companies, it could be a bit harder than Ripple and SBI before it reaches market dominance. In any case, one thing is clear: that cryptocurrency is hotter than ever in Japan, this in turn can only be a good thing.
The Next Web