SBI to Roll Out Ripple DLT-Based Payments App on iOS, Android
Having revealed the plan in March, Japan's SBI Holdings says it will roll out a Ripple DLT-based payments app for iOS and Android this autumn.
Ripple plans to invest in MoneyTap, the blockchain payments app birthed through a joint venture between the San Francisco-based firm and SBI Holdings.
SBI Ripple Asia is live testing in-store payments using its Ripple xCurrent-powered Money Tap app before a full launch "this year."
Unlike the U.S., Japan considers XRP to be a cryptocurrency, not a security.
MoneyTap, a blockchain money transfer app built by SBI Holdings and Ripple, has just gone live in Japan.
A joint venture between SBI Holdings and Ripple has moved a step closer to launching its blockchain-based payments app for consumers.