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Ripple-based MoneyTap adopted by three Japanese banks

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Ripple-based payment system MoneyTap continues growing in Japan, with several local banks opening access to the application for their clients.

Ripple-based payment system MoneyTap continues growing in Japan, with several local banks opening access to the application for their clients.

SBI has emerged as a major partner of Ripple, supporting the company amid its ongoing legal battle with financial regulators in the United States. Morningstar, an SBI Group’s financial data subsidiary, said in 2021 it will continue its XRP
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shareholder benefits program despite Ripple’s legal issues in the United States. SBI CEO Yoshitaka Kitao also said in 2021 that Japan was the most likely country for Ripple to move to if the company is eventually forced to leave the United States due to the tough regulatory environment.

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