{"id":30896,"date":"2020-10-29T12:10:36","date_gmt":"2020-10-29T10:10:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30896"},"modified":"2025-08-28T00:33:23","modified_gmt":"2025-08-27T21:33:23","slug":"ripple-to-back-sbi-holdings-partnership-with-investment","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ripple-to-back-sbi-holdings-partnership-with-investment\/","title":{"rendered":"Ripple to back SBI Holdings partnership with investment"},"content":{"rendered":"<p>The fintech startup Ripple is investing an undisclosed amount in the SBI Holdings subsidiary \u2014 the operator of the MoneyTap payments app built on RippleNet. The group said this in a <a href=\\\"http:\/\/www.sbigroup.co.jp\/english\/news\/pdf\/2020\/1028_a_en.pdf\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">\u043f\u0440\u0435\u0441\u0441-\u0440\u0435\u043b\u0438\u0437\u0435<\/a>.<\/p>\n<p>The American startup and SBI Holdings formed a partnership in 2016, creating SBI Ripple Asia.<\/p>\n<p>In 2018, SBI Holdings launched a mobile payments app based on Ripple technology. In the same year, MoneyTap began to be used by several Japanese banks.<\/p>\n<p>The app allows consumers to make payments using a bank account, a phone number, or a QR code.<\/p>\n<p>The operator MoneyTap aims to build a financial ecosystem around it, seeking to reduce interbank transaction costs.<\/p>\n<blockquote>\n<p>\u201cInterbank transfer fees in Japan have remained high and unchanged for more than 40 years, which is unusual by international standards,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>MoneyTap aims to accelerate the rollout of new services within the app with Ripple&#8217;s investment, including the corporate payments feature, cross-border transfers, supply-chain financing, and other options.<\/p>\n<p>Earlier, Ripple <a href=\"https:\/\/u1f987.com\/en\/news\/ripple-threatens-to-leave-the-united-states-over-excessive-cryptocurrency-regulation\">threatened<\/a> to leave the United States due to excessive regulation of the cryptocurrency industry in the country.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fintech startup Ripple is investing an undisclosed amount in the SBI Holdings subsidiary \u2014 the operator of the MoneyTap payments app built on RippleNet. The group said this in a press release.<\/p>\n","protected":false},"author":1,"featured_media":30897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,2006,112,1847],"class_list":["post-30896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-moneytap","tag-ripple","tag-sbi-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30896"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30896\/revisions"}],"predecessor-version":[{"id":30898,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30896\/revisions\/30898"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30897"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}