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Author Topic: [2017-12-17] SBI, Crredit Card Giants Begin Testing Ripple Payments  (Read 18 times)
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December 27, 2017, 02:53:06 PM

Ripple made headlines last week as the cryptocurrency surged above $1.00 for the first time in its history. XRP started 2017 worth about one cent and is now at a dollar. Banks in Japan and South Korea are testing the use of Ripple’s technology for fast transactions. On Tuesday, Japanese banking giant, SBI Holdings, and several large credit card companies announced plans to form an association where participants share transaction history and verify each other’s payments — using the Ripple blockchain.

Credit Card Giants
JCB, Sumitomo Mitsui Card, Credit Saison among other major card companies will participate. Well-known for its close dealings with traditional financial institutions, Ripple, and its underlying technology may help drive down costs as well as curb fraudulent activity.  


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