Ripple Develops Blockchain-Powered Payment App With 61 Japanese Banks


Blockchain payment app

Ripple’s blockchain technology has been continually making achievements of late. However, this couldn’t help XRP price on the crypto markets. It’s price plunged more than 3% to $0.90 today even though the company made a massive announcement; it would be developing a blockchain payment app in collaboration with 61 Japanese banks to enhance payment transaction time and costs.

This is one of the most significant achievements for RippleNet since its blockchain technology started penetrating the financial sector.

The blockchain payment app, called “Money Tap” would help Japanese banks to settle domestic payments round-the-clock. Japan …

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