Japanese Bank Abandons Work With SBI Ripple’s ‘Money Tap’ App
Resona, one of three Japanese banks working with SBI Holdings and Ripple on their blockchain app Money Tap, is pulling out of the project.
The card giant is to develop a blockchain-powered cross-border payments platform in partnership with enterprise-focused blockchain firm R3.
Ripple's newest partnership will enable UK remittance firm, Xendpay, to move money to Southeast Asia in real time.
For many of these bitcoin users, crypto payments are merely a last resort and fiat transfers are still generally easier.
The group ran its first transaction between three rural banks in an effort to improve its remittance offerings.
Ria Money Transfer, one of the world's biggest remittance firms, has joined Ripple's blockchain-based payments network.