MoneyTap taps Ripple to the Japanese banking sector
MoneyTap, a money transfer platform, has officially launched their website. This is a major step for the Japanese firm as the launch will bring MoneyTap closer to its goal of connecting several banks with the help of Ripple solutions.
MoneyTap aims to redesign traditional banking with the help of Ripple
MoneyTap describes itself as a form of ‘easy bank transfer application without charge’ and as ‘a new bank experience application provided from the ‘consortium for domestic and foreign exchange exchange’. Its money transfer app, designed for iOS and Android, will be among the first of its kind to be used by multiple banks in the country. The app is slated to be released this year.
MoneyTap’s new initiative will likely boost Ripple’s standing in terms of its popularity and usage. MoneyTap, a supporter of Ripple and XRP, aims to refurbish the way traditional forms of payments work in Japan.
MoneyTap expects to enhance efficiency and speed to the outdated fund transfer system. The platform will connect more than 60 banks in the country, implementing the Ripple network. This will reportedly bring more than 80% of Japan’s banks under one roof as they will be employing the Ripple protocol for their regular operations.
Image via Shutterstock
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