MoneyTap Connecting Over Sixty Banks To Use XRP for FX, One Other Good News For Ripple’s XRP - Today's Gazette - Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News
Connect with us

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

MoneyTap Connecting Over Sixty Banks To Use XRP for FX, One Other Good News For Ripple’s XRP

Moneytap

Altcoins

MoneyTap Connecting Over Sixty Banks To Use XRP for FX, One Other Good News For Ripple’s XRP

MoneyTap app, a mobile transfer application connecting over 60 banks in Japan has hinted that it is considering the use of XRP for foreign remittance. MoneyTap is a DLT-based payment app innovated by Ripple and SBI.

In a 9 month financial report by Japanese finance lord SBI Holdings on January 31, the company noted the importance of Ripple’s power in cross-border payment and confirmed that the firm is considering the use of XRP digital asset.

The report highlighted the importance of MoneyTap, a provision that allows connected bank user to comfortably, remotely, and safely remit funds between individuals.

“In order to further improve convenience, contemplating the addition of FX remittance function and the use of XRP at the time of implementation, with an inspection from various angles, including legal maintenance,” the report states.

MoneyTap: Ripple (XRP) Powered Mobile App That Connects Over 60 Japanese Banks Finally Launches

Also READ  Ripple (XRP) Slashes A Whopping 8% On Average For $30 Billion OFW’s Remittance Market

The application was made through the relentless effort of SBI Ripple Asia which partnered with a consortium of Japanese banks last year.

MoneyTap makes it easy for users to achieve seamless and instant domestic transfers using QR code, phone number or bank account.

It uses RippleNet blockchain network instead of the common domestic payment rails. The app reduces the cost and time of transfer associated with normal banking money transfer through ATM in Japan. MoneyTap offers a free of charge 24/365 inter-bank remittance.

Mercury-fx Ltd Saves Client of $13,232USD on a Transaction

Mercury-fx Ltd, an early adopter of xRapid has hinted that it saved one of its client $13,232USD on a single transaction.

“We just saved our client USD 13,232 on a single transfer. Isn’t it time we started moving your money faster – and cheaper?”

The financial service company has been lauding the instant and cheap nature of xRapid for some time now.

Also READ  UK’s Largest Travel Management Company Adopts Bitcoin (BTC)

Mid-January, Mercury-fx announced that it processed its largest payment across RippleNet with the help of xRapid.

Mercury-fx said it moved around $4,552.41 from the UK to Mexico. The firm said Mustard Foods, the client involved in the transaction saved usual 31 hours and more than $100 during the transaction.

Freddie is a professional journalist and feature writer. He participates on various movements that enable communities to initiate more in-depth understanding on essential topics. Now, he's part of the crypto writers pushing for mass adoption in Luxembourg with their writing and expertise.His views differentiates the effects on society's day to day life. He is now a full-time contributor to TODAY'S GAZETTE.Email: freddie.miller@todaysgazette.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Altcoins

Click Here
Advertisement
Advertisement

Submit Press Release

Advertisement

Facebook

Press Release

To Top