Japan Bank Consortium and Its Ripple-Powered Payments Platform

Japan Bank Consortium and Its Ripple-Powered Payments Platform


The Internet has changed our lives and society dramatically. The finance industry also needs to embrace new innovation. Japan leading new innovation in payments Cross-border payments have many issues including settlement speed and expensive fees. Even with domestic payments, hours are limited and fees are expensive for low value payments. As a result, Japan’s cashless ratio remains low compared to other countries. Background behind the Japan Bank Consortium With globalization of business and changing consumer behavior, There must be new innovations in payments. Real-time payments 24hrs/7days Emerging needs such as low value payments Cross-border E-commerce and business expansion of Japanese companies to Asia In order to address these emerging needs, banks have come together to launch The Japan Bank Consortium for cross-border and domestic payments RC Cloud – the world’s first and Japan-originated new payments platform RC Cloud is powered by a distributed ledger technology called Ripple solution which enables a flexible and efficient payments system It is the world’s first case to implement Ripple solution in a cloud environment. With this solution, we can unify domestic and cross-border payments Enable realtime payments 24hrs/7days Reduce cost of payments and create new business opportunities What we can achieve with RC Cloud: Customers and banks will be able to send money more easily and conveniently For examples, low value payments at a coffee shop or a party Split travel costs with friends Remit money to children who are studying overseas Online shopping payments New era, new payments What’s happening is a “Payment Revolution” in Japan Cash-less ratio will rise. Remittance market will grow. Banks lead a new future. With RC Cloud, Japan will lead the FinTech revolution.

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About the Author: Oren Garnes

21 Comments

  1. I LOVE RIPPLE! I BOUGHT SOME FOR A NICKEL! NOW I WATCH AS THE WEALTH GRAVITATES TOWARDS MY ESSENCE, I'M NOT STRESSIN CUZ I'VE LEARNED MY LESSONS, DIGITAL CURRENCY IS THE FUTURE OF INVESTMENTS, I CAPITALIZE ON THIS MOVEMENT LISTING ME AS A MILLIONAIRE IN HISTORY. BLOCKCHAIN GAINS IS NOT A MYSTERY. THE MATH IS SIMPLE, BUY THIS RIPPLE X-R-P AND YOU'LL BE RICH SOON. RIPPLE TO THE MOON AS A CURRENCY, IT'S THE BEST INVESTMENT CURRENTLY! I HAVE TO GET IT HURRIEDLY!

  2. can anyone tell ..where should i buy ripple from??what is the easy and cheepst way to buy it??thnx

  3. انا عربي واعلم ان ripple سيحقق ربح كبير
    xrp عملة المستقبل وستغير حياتك 180 درجة
    Go Ripple Gooooo 🙂

  4. お前たち日本語わからないだから出て行け❗️Commercials for Japanese…you understood nothing… so go away !

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