While some countries are fighting to legalize the use of cryptocurrencies, others who are already more advanced in the field are looking for the best ways to facilitate trade. This is precisely the case of Japan where Ripple credit cards could soon see the light of day.
SBI Ripple Asia launches consortium
The Ripple known as XRP is certainly less known than the classic FIAT or Bitcoin currencies, but in Japan, it is considered a currency of the future especially by financial institutions. In any case, the company SBI Ripple Asia seeks to further develop this digital currency by seeking to create dedicated payment cards.
To do this, the Japanese company that is a subsidiary of SBI Holdings is about to form a consortium simply called "Credit Card Industry Consortium", which will be composed of several specialists in the creation of credit cards.
The goal of RBI Ripple Asia is obviously to promote the XRP by making it easier to access, with a 24-hour settlement, and especially a significant reduction in transaction fees for currency users.
Members of the consortium
The Credit Card Industry Consortium will initially consist of three active members in credit card production, namely JCB, Sumitomo Mitsui Card and Credit Saison. The latter (which could be joined by other companies) are partnering with RBI Ripple Asia to also implement a payment application based on technology specific to Ripple, an application that aims to make transactions instantaneous. financing while ensuring the safety of the user.
For SBI Ripple Asia, it is not its first consortium since it already manages a group of about sixty Japanese financial institutions that operate together the blockchain Ripple, always with the aim of developing instant payments. This banking consortium has also grown over time, with the integration of the Japanese mega-banks Sumitomo Mitsui Banking Corporation (SMBC) and Japan Post Bank.
Hopefully litecoin gets the same treatment in 2018
Hopefully
Oh these XRP pumps... will catapult Ripple to unknown highs of 1.50$ or even 1.51$ ;)))
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excellent blog... time we'll talk about XRP!
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