Ripple XRP partner, the Strategic Business Innovator Group (SBI), Minato-ku, Japan, announced the addition of four more banks to the long list of shareholders. The total number of participants are now twenty-nine (29) in number.
They will be empowering the MoneyTap app that has been used to transfer money on cellular devices using digital ledger technology (DLT). MoneyTap runs on the API provided by the “Fintec Platform”.
Who allied with Ripple XRP and SBI Holdings
North Japan Bank, Awa bank and other two banks are the latest additions. The latter two of the four on the list that are currently shrouded in mystery will be revelaed by SBI holdings in the meantime.
Including SBI Holdings, we also have Keiyo Bank, Ashikaga Bank, Atago Bank, Kita Nippon Bank, Kiraboshi Bank, Gunma Bank, Sanin Joint Bank, Shiga Bank, Shimane Bank, Shimizu Bank, Shinsei Bank, Sumishin SBI Net Bank, Suruga Bank , Seven Bank, Sendai Bank, Third Bank, Chiku Bank, Toho Bank, Towa Bank, Tochigi Bank, Hiroshima Bank, Fukui Bank, Fukuoka Chuo Bank, Fukushima Bank, Hokuriku Bank, Michinoku Bank.
MoneyTap is the brainchild of the Japan bank consortium- a group of banks that sum up to sixty (60) in figures- employing xCurrent to power cross border transactions and domestic transactions that exceed the inflated transaction amount cap at lightning speeds.
Resona Holdings did not keep its promise and pulled out of the partnership without telling why, in April.
If MoneyTap started using XRP for transfers, according to SBI Holdings, the cryptocurrency will thrive. Not to mention that to the SBI Holdings’ venture capital block, Ripple will prove to be a great asset as well.
Despite all the bond-breaking ceremonies that have been taking place, XRP hasn’t moved much from its 0.25 dollars position on the chart.
Ripple XRP dumps again.
Ripple is planning on selling one billion dollars ($1B) in its native token.
At the time of writing, XRP trades at 0.255463 dollars and has a market cap of ten billion dollars (10,980,988,586). The twenty-four (24) hour volume is at eight hundred and forty million dollars ($840,685,796 ).
Maybe because when Ripple lost one ally, it got four more or maybe it’s the whales that are keeping it afloat.