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SBI Ripple Asia


Japanese financial giant SBI Holdings is soon to launch a payments application for iOS and Android devices powered by Ripple’s distributed ledger technology. Takashi Okita, chief executive of SBI Ripple Asia – a joint venture between SBI Holdings and the San Francisco-based Ripple – revealed the website of the application, named MoneyTap, on Wednesday. While …

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A group of Japanese banks is planning to use Ripple’s blockchain-based payments technology in a forthcoming product aimed at general consumers. According to an announcement on Tuesday by the San Francisco-based startup, Japan’s SBI Net Sumishin Bank, Suruga Bank and Resona Bank will launch a smartphone application in autumn this year, dubbed MoneyTap, that will …

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South Korea’s Woori Bank has reportedly completed a cross-border remittance test using the distributed ledger technology (DLT) developed by the San Fransisco-based startup Ripple. According to local business media source ChosunBiz, the completion of the trial arrives as the bank’s Digital Strategy Department revealed plans to commercialize the Ripple-based platform this year. It also marks …

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SBI Ripple Asia is forming a consortium that will research the use of distributed ledger technology in securities products. According to an announcement, the company – a joint venture between Japanese investment firm SBI and San Fransisco-based DLT payment startup Ripple – said the new consortium will see joint efforts from 18 securities firms to …

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