Ripple Blockchain powered domestic payments will speed transactions and lower costs
“MoneyTap” allows the bank consortium customers to make instant domestic payments and only requires a bank account, phone number, or QR code.
What’s more, MoneyTap helps shed the costs associated with existing banking and ATM fees that are currently applied to domestic money transfers in Japan, making those payments not just faster, but cost less overall.
“We are proud to leverage Ripple’s blockchain technology through our new mobile app, MoneyTap, to improve the payments infrastructure in Japan.
Money Tap is a mobile application backed by Ripple’s blockchain technology which allows the customers of the Consortium to settle transactions immediately. This is the first ever app to be developed in this niche. No other app provides transactions on multiple bank accounts in one.
For best support each of the constituent's roles and needs, Ripple provides three products.
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