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Japan gives Ripple and SBI the green light to launch new payment app


SBI Ripple Asia (a collaboration between Japanese tech giant SBI and popular blockchain tech developer Ripple) is getting closer to rolling out its mobile payment app, Money Tap. SBI Holdings announced today that it has received certification from Japan’s Ministry of Finance to process electronic payments. This approval from the ministry means that SBI Ripple Asia can go ahead and launch Money Tap. While Money Tap doesn’t appear to process cryptocurrency-based payments, it does utilize Ripple’s distributed ledger technology (DLT) to manage payments between banks. From June this year, the Japanese government requires businesses, seeking to handle electronic payments, be…

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