MoneyTap And Ripple Continue To Innovate, Successfully Collaborate With Three Japanese Local Banks

MoneyTap establishes partnership with local Japanese banks. (Photo; Doc. MorningTick)

MoneyTap, a blockchain-based money transfer application launched through cooperation between SBI and Ripple in 2018, is increasingly popular in East Asia. This application has succeeded in establishing partnerships with three local banks in Japan, namely Yamaguchi Bank, Momiji Bank, and Kitakyushu Bank, as its newest partner.

The partnership with local banks allows bank clients to enjoy Ripple-based payment services through MoneyTap. The features available in this application are also quite innovative, ranging from bank account numbers to money transfer services via mobile phone numbers.

The app also provides a secure online identity verification feature and biometric authentication for customers. In developing its business, Ripple continues to forge partnerships with banks around the world.

However, the company faces quite a tough legal challenge in the United States. However, SBI as one of Ripple's biggest partners, continues to provide its support and is committed to continuing to develop innovative new technologies.

The support was also expressed by SBI CEO Yoshitaka Kitao, who said Japan is the most important market for Ripple and they are ready to continue to innovate and provide a safe payment solution for customers.

In fact, Kitao is optimistic that if Ripple had to leave the United States because of the difficult regulatory environment, Japan would become a destination country for this company.

With the new partnership between MoneyTap and three local banks in Japan, Ripple is increasingly being taken into account in the global fintech industry. It is also proof that Ripple continues to work on developing its technology and providing innovative and secure payment solutions for customers.