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SBI launches the app for payment based on ripple this fall



On Sept. 12, SBI CEO Ripple Asia, Takashi Okita, announced via Twitter that the website of a new cross-border payment app was now complete. The tweet (which was translated by google translator) was as follows :

Quietly, the Moneytap website was released. How about the logo or image of the screen?

It would be prudent to assume that he asked to insert the logo design or screen image from the last part of the tweet.

Further inquiries on the MoneyTap website, we are greeted with a banner coming soon which says that the app will be launched in the fall of 2018 and will be supported on both Android and iOS . A screenshot of the site was provided for a better visual indication of how the website and app will appear once it is launched completely.

Moneytap website homepage

First in Japan

Back in March this year, SBI Ripple Asia had announced that the app would be launched for the first time in Japan and will be tested by 3 members of the Consortium of Banks SBI. The announcement stated the following:

Three members of the Japanese banking consortium: SBI Net Sumishin Bank, Suruga Bank and Resona Bank will be the first to go live on the mobile app in the fall of 2018 This will be followed by a staggering distribution to the rest of the consortium.

The Japanese banking consortium, led by SBI Ripple Asia, includes 61 banks covering more than 80% of all banking activities in Japan. MoneyTap will have the potential to provide on-demand payments to the vast majority of the country through this consortium.

Use XRP?

The question on every fan of Ripple and XRP HODLer is if the new app of SBI Ripple Asia will use XRP in the back-end registry. If the previous mobile apps are to be used as a reference point, the most likely Ripple solution in the app will be xCurrent, as in the case of the Santander App that was released in April.

In conclusion the remittance sector will be made even more efficient by SBI Holdings and Ripple through the Moneytap mobile app which will be launched in Japan later this year

Disclaimer: This article does not provide financial advice. Any opinion here should be taken as well as it is. Perform your research before investing in one of the many cryptocurrencies available.
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