{"id":7384,"date":"2018-03-07T21:48:47","date_gmt":"2018-03-07T21:48:47","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=7384"},"modified":"2018-03-07T21:48:47","modified_gmt":"2018-03-07T21:48:47","slug":"ripple-tech-for-instant-payment-japanese-bank-consortium","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/ripple-tech-for-instant-payment-japanese-bank-consortium\/","title":{"rendered":"Ripple Tech for Instant Payment – Japanese Bank Consortium"},"content":{"rendered":"

Consortium of 61 Japanese banks will be releasing an instant mobile payment app using Ripple’s technology and financial solutions around fall of this year – based on<\/a> Ripple’s blog.<\/p>\n

Takashi Okita – CEO of SBI Ripple Asia, that is leading the 61-bank consortium that represents over 80% of all Japan’s banking assets, added on the post:<\/p>\n

\u201cTogether with the trust, reliability and reach of the bank consortium, we can remove friction from payments and create a faster, safer, and more efficient domestic payments experience for our customers.\u201d<\/p><\/blockquote>\n

Resona Bank, Suruga Bank and SBI Net Sumishin Bank will commence the process of using the application in the coming fall, while the rest will initiate the program step-by-step afterwards.<\/p>\n

Ripple has a long and strong list of creating partnerships with banks to use its payment technologies. In February, Ripple announced two new financial service partnerships; one with the\u00a0Saudi Arabian Monetary Authority\u00a0for use of its cross-border payment technology for banks within the country and another with\u00a0Western Union, who is testing Ripple\u2019s\u00a0Blockchain-based settlement system for transactions.<\/p>\n

Accordingly with the above, a bank based in South Korea declared that it is drawing out plans to use Ripple’s cross border payment tech and services for remittances, encouraged by a test run in Japan SBI Group and Ripple.<\/p>\n","protected":false},"excerpt":{"rendered":"

Consortium of 61 Japanese banks will be releasing an instant mobile payment app using Ripple’s technology and financial solutions around fall of this year – based on Ripple’s blog. Takashi Okita – CEO of SBI Ripple Asia, that is leading the 61-bank consortium that represents over 80% of all Japan’s banking assets, added on the post: \u201cTogether with the trust, reliability and reach of the bank consortium, we can remove friction from payments and create a faster, safer, and more […]<\/p>\n","protected":false},"author":7,"featured_media":7385,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[825,3],"tags":[139,84],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/7384"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=7384"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/7384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/7385"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=7384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=7384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=7384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}