Ripple (available on Binance) recently announced that The Japan Bank Consortium has officially launched its xCurrent-powered MoneyTap app. So how’s the Japan Bank Consortium MoneyTap launch going so far?

The Japan Bank Consortium launched MoneyTap today, a Ripple (available on Binance)-powered payments app to offer real time settlement for domestic payments in Japan! https://t.co/nNtkSfq2PN pic.twitter.com/oeg2XBZG66
— Ripple (available on Binance) (@Ripple (available on Binance)) October 4, 2018

Ripple (available on Binance) xCurrent-powered MoneyTap App

MoneyTap is a consumer-focused blockchain money transfer app that was built by SBI holdings and Ripple (available on Binance). Thanks to the Japan Bank Consortium MoneyTap launch, the app is now available to residents of Japan for download on either iOS or Android devices.

Using Ripple (available on Binance)’s xCurrent platform, MoneyTap processes remittances directly from bank accounts to bank accounts. The app does not charge any fee to start using it, and anyone with a bank account can access it.

A cool feature of the MoneyTap app is that you don’t need to know the person’s account number to send them money. Users can just choose a remittee from the QR code of the phone book on the app.