Japanese financial giant SBI Holdings announced plans to integrate the MoneyTap payment application based on technologyfrom fintech startup Ripple to ATMs operated by different Japanese banks.
The solution is designed to simplify consumer access andATM management, regardless of bank affiliation. It is also intended to help financial institutions reduce the cost of operating ATMs.
«Currently every bank usesown application for ATM, but with a common web application the same ATM can be used as a multi-bank under joint management»,- say SBI Holdings.
Source: SBI Holdings
The company launched the MoneyTap application on Ripple technology without using the XRP token last year.
Earlier, several Japanese banks started using MoneyTap for domestic payments.
Recall, SBI Holdings CEO Yoshitaka Kitao urged Ripple to actively seek new corporate partners. He believes startup technology will help combat the effects of the pandemic.
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