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Ripple powered payments app, MoneyTap launches today by the Japan Bank Consortium



Ripple powered payments app MoneyTap launches today by the Japan Bank Consortium
Source: MoneyTap

MoneyTap a Ripple-powered payments app launched today by the Japan Bank Consortium. This will offer real-time settlement for domestic payments in Japan.

Ripple announces today through a tweet ” The Japan Bank Consortium launched MoneyTap today, a Ripple-powered payments app to offer real-time settlement for domestic payments in Japan!”

“MoneyTap” is the first mobile app of its kind to be developed and used by multiple, different banks in the country. Three members of the Japan bank consortium: SBI Net Sumishin Bank, Suruga Bank, and Resona Bank is now live on the mobile app

The Japan bank consortium, led by SBI Ripple Asia, is comprised of 61 banks covering more than 80% of all banking assets in Japan.

About MoneyTap App

Money Tap is a new bank experience application provided by the “consortium for domestic and foreign exchange”. Money Tap is an application that realized remittance directly from bank accounts to bank accounts. No charge is required and anyone with a bank account can start it easily.

The transfer fee for each financial institution is as follows.

Financial institution To accompany Address to other line
Shumishin SBI Net Bank 0 Yen 0 Yen
Suruga Bank 0 Yen 0 Yen
Resona Bank 0 Yen 0 Yen

Features of MoneyTap

MoneyTap not only offers free money transfer, but there are also a lot more features.

  • Transfer money instantly at any time → Clothing money – You can use remittance at anytime i.e. 24 hours a day, seven days a week.
  • Remittance is smart · simple – Authentication at application launch, remittance, fingerprint authentication, etc.
  • Send money by phone number, QR code – You do not need to know the other’s account number to send money. Just choose a remittee from the QR code or phone book.

You can download it from the Google Play Store and start using it.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.