Japanese SBI Set to Launch Ripple-Based Mobile App

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Japanese Fintech heavyweight SBI Holdings plans to launch a Ripple-powered mobile payment application called MoneyTap. In a tweet shared with his followers, Takashi Okita, CEO of SBI Ripple Asia shared the web page of the new payment application, which promises to offer “easy bank transfer application” without fees.

The exact launch date for the mobile app is uncertain, but the site gave an estimated timeline for the release of both the iOS and Android versions for Autumn of 2018.

Earlier this year, SBI Ripple Asia, a joint venture between SBI and Ripple, announced plans to create a “groundbreaking smartphone application” based on Ripple’s blockchain technology which will allow bank customers to settle transactions instantly.

MoneyTap is expected

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