RATE Group | Ripple Settlements Are Coming to Japanese ATMs
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Ripple Settlements Are Coming to Japanese ATMs

18 May Ripple Settlements Are Coming to Japanese ATMs

Posted at 00:41h in Cryptocurrency News by

Ripple partner and investor, SBI Holdings, announced plans to integrate Ripple-powered settlements across ATMs in Japan.

The news was revealed in SBI’s latest financial report, announcing a plan to integrate the Ripple-powered settlements platform MoneyTap with ATMs run by various banks across Japan.

The integration is intended to provide consumers with easier access to funds at ATMs regardless of their banking affiliation.

SBI to integrate Ripple tech across Japanese ATMs

SBI claims that integrating MoneyTap will also allow banks to reduce the costs incurred through operating an ATMs, stating:

“Currently, each bank has an ATM with its own bank app, but with a common web app, the same ATM may be used as its own jointly operated multi-bank ATM.”

MoneyTap launched in October 2019 on iOS and Android, facilitating instant money transfers via QR Code or phone number.

During September 2019, SBI chief executive and Ripple board member Yoshitaka Kitao stated that the firm was planning to…

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