5th-Largest Japanese Bank Abruptly Ditches Ripple Trial

Ripple, the blockchain-based payment network, suffered a setback after Japan’s Resona Bank said it would no longer use MoneyTap, a consumer-centric retail payments app that uses Ripple’s enterprise blockchain technology. Resona – Japan’s fifth-largest financial institution – did not provide a reason for the abrupt cancellation, which makes it the first Japanese bank to quit the MoneyTap project. It’s unclear if others will follow. Withdrawal Comes 6 Months After Agreement The cancellation takes effect on May 13. Resona made the surprising announcement April 11 on its website, where it said: “Resona Bank will cancel the cooperation with the money transfer

The post 5th-Largest Japanese Bank Abruptly Ditches Ripple Trial appeared first on CCN

Leave a Reply

Your e-mail address will not be published. Required fields are marked *