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SBI Ripple Asia, a collaborative initiative by San Francisco-based fintech, Ripple Labs, Inc., and Tokyo-based financial services group, SBI Holdings, is reportedly preparing to launch a distributed ledger technology (DLT) based payments app. MoneyTap Registration Complete In a September 26th announcement, SBI Ripple Asia (a subsidiary of SBI Holdings Inc.) said it had “completed registration as a substitute agent for electronic settlement” with Japan’s Ministry of Finance. The registration has now brought SBI Ripple Asia a step closer to obtaining the appropriate license to release its MoneyTap peer-to-peer (P2P) payments app.
SBI Ripple Asia’s MoneyTap app uses DLT-based payment channels to conduct transactions via open APIs, which are operated by Japanese financial institutions. Therefore, SBI Ripple Asia has to obtain regulatory approval from the FSA before rolling out its MoneyTap money transfer services. In March, SBI Ripple Asia had said it would introduce the DLT-powered MoneyTap app for use by three local banks and then help over 60 other financial institutions to begin using it.
Takashi Okita, the CEO of SBI Ripple Asia, said in August that the highly anticipated money transfer service would be launched toward the end of this year. "S" Coin As covered by CryptoGlobe, Yoshitaka Kitao, the CEO of SBI Group, had said he’s hoping Ripple Labs’ XRP token becomes the world’s standard cryptocurrency. Notably, as SBI Group’s collaboration with Ripple Labs continues, the financial giant also appears to be exploring various use cases for digital assets on its own.
Join http://crypto-autobot.com/
Join- https://t.me/cryptosignalalert
Join- https://t.me/btctradingclub
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
For more Bitcoin Crypto Currency news Latest Update Crypto Currency Training Auto Trading Crypto BOT & Crypto Trading Signals join above given telegram channel.
SBI Ripple Asia, a collaborative initiative by San Francisco-based fintech, Ripple Labs, Inc., and Tokyo-based financial services group, SBI Holdings, is reportedly preparing to launch a distributed ledger technology (DLT) based payments app. MoneyTap Registration Complete In a September 26th announcement, SBI Ripple Asia (a subsidiary of SBI Holdings Inc.) said it had “completed registration as a substitute agent for electronic settlement” with Japan’s Ministry of Finance. The registration has now brought SBI Ripple Asia a step closer to obtaining the appropriate license to release its MoneyTap peer-to-peer (P2P) payments app.
SBI Ripple Asia’s MoneyTap app uses DLT-based payment channels to conduct transactions via open APIs, which are operated by Japanese financial institutions. Therefore, SBI Ripple Asia has to obtain regulatory approval from the FSA before rolling out its MoneyTap money transfer services. In March, SBI Ripple Asia had said it would introduce the DLT-powered MoneyTap app for use by three local banks and then help over 60 other financial institutions to begin using it.
Takashi Okita, the CEO of SBI Ripple Asia, said in August that the highly anticipated money transfer service would be launched toward the end of this year. "S" Coin As covered by CryptoGlobe, Yoshitaka Kitao, the CEO of SBI Group, had said he’s hoping Ripple Labs’ XRP token becomes the world’s standard cryptocurrency. Notably, as SBI Group’s collaboration with Ripple Labs continues, the financial giant also appears to be exploring various use cases for digital assets on its own.
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