“Translating its website, Money Tap claims to offer easy bank transfers without any extra fees the user. Beyond this, details remain scarce. Given the nature of SBI Ripple Asia’s business, it’s fair to assume the app will be using some of Ripple’s blockchain tech. What specifically though, remains a mystery for now.”Moreover, Money Tap doesn’t seem to be the first of its kind within Japan specifically:
“Japan certainly looks like it’ll be seeing blockchain and mobile payments cropping up more frequently in future. Recently, Japanese firm SoftBank announced a proof-of-concept that will facilitate peer-to-peer mobile payments around the globe.”Money Tap could well be the start of a new revolution for Ripple and XRP in Japan. Though with competition rife from other firms, it may be a little harder than Ripple and SBI first though in achieving market dominance. Either way, one thing is clear - that is that cryptocurrency is hotter than ever in Japan, this in turn can only be a good thing. References The Next Web